iron ore price, page-37

The Atlas standard product trades at a 12.5% discount to the spot standard within China. So should be about US$100/t revenue or about AUD$110/t. And the value fines should be about AUD$85/t currently...

So given the mix of sales... the average is about AUD$107/t. At the EBITDA level, we're looking at margins of AUD$32/t, and at the EBIT level, margins of AUD$12/t. So on the lower end of production guidance, about 8.6c eps NPAT.