i can't get enough of meo, page-4

TevezFC

Yes the payments are in USD.

We will receive USD 39m after the FIRB approval. That makes AUD 43,854,000 (1 AUD = 0.8885 USD) by todays exchange rates. I believe MEO will keep it in USD untill it spends it. If AUD depreciates to 0.73c USD as it was a year ago in May 2009, we will have AUD 53,424,000 in the bank then.

Generally speaking, if this crises widens more, the AUD will depreciate more and the gains from the exchange rate will be a lot for all resources miners and exporters. That means their operation cost to sales ratio will be reduced a lot as their income will be larger if they can keep up the same sales volumes.