Get out now, page-8

I generally ignore people who are not holders, but full of advice. However, this BS needs to be answered;

The current IO price is USD $78.60
Because FMG sells wet, its average discount last year was 13% to the 62% fines price. Lets just use the lowest price for conservatism, so that's USD $78.60 - 13% = USD $68.38
Less FMG's delivered costs into China USD $50
So we have USD $18.38 x 155Mtpa = USD $2,848,900,000 or AUD $3,243,744,840 (at current exchange rate 87.8275)
This is Profit before Interest & Tax.

That compares to Profit before interest & tax of AUD $4,877,000,000 to 30 / 6 / 14. A 33% drop or AUD $1,633,255,160.
This percentage drop is actually in line with the SP drop over the same period.

What hasn't been taken into account is the increased tonnage recorded since June 14,
or debt reductions provided for ($2.4 Billion in the Bank)

If we are to estimate interest cost, lets say its the same as last year, even though we know its less because of debt reduction, but without all the variables, conservative numbers are best. Interest cost was USD $720 Mil, or AUD $819 Mil, covered 4 times over.
This leaves $2,424,744,840 pre tax earnings per share, after costs & interest, or after 30% tax deducted $1,697 Mil.

And Beardy, that's based on a price of $78.60 per tonne. At $90, its way better, like another $2 Billion better.

Did you say you had some calculations ??