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further entension !, page-245

  1. buddy134
    24,386 Posts.
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    24/03/13
    09:57
    Post #: 11579398
    ""43,000t x IO price gets you ~$6million gross profit..""

    SuperTim,

    Don't confuse Gross Revenues/Sales with GROSS PROFITS.

    GROSS PROFITS = GROSS SALES - COSTS.

    So, with the $6mill dollars that we receive for each load of IRON ORE sold, only part of it will be classified as a GROSS PROFIT.

    DYOR!!!
    PLV Price at posting: 20.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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