I still can't their get the numbers to add up.For me $695mil...

I still can't their get the numbers to add up.

For me $695mil divided by 7.4wmt = AUD$93.92/tonne

But very simply the core numbers looks like this,

Op cost + corp cost = $81.18 + $5.66 = $86.84 per tonne

The impairment cost, probably necessary, but it masks the greater issue here. Also from memory this not the first time they dropped impairment charges to deflect att netion to their results.

Cash $414mil less debt $287mil = $127mil nett cash

$5.11 before tax earned per tonne, no wonder the market smacked it down 10%.

The recent $1.085 was a sell and open shorts opportunity.

The only plus is the AUD$ will not be $1.02