Sorry Ash, I believe I may have mentioned you once earlier, in a complimentary post. Don't worry, it won't happen again.
I am reposting the data, because it is very relevant.
At $64.87 realised price, my calc is at least $422 Million. I'm still using $28.30 all in devivered, but this must have improved in view of the lower C1.
That's 165MT / 12 x ($64.87 - $28.30 - 16% for moisture & royalty =) $30.72 = $422,400,000.
So in January alone they will have banked enough cash to fund an Oz 18 cents dividend, or up it to 22 cents if they add the spare $100 Million they have in the Bank. Still leaves the US$1 Billion buffer in tact.
Flip
Iron Ore Price, page-17933
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