Iron ore price, page-502

Hi Rich
Maybe if it were not for the hedging we'd be 10c.

Half of this 1/4 is hedged, lets say they produce 1 million tonnes per month. So 50% would be the same result as the Dec 1/4

So far i have this 1/4 iron ore about $13-$15 higher than Dec 1/4 minus the average C1 increase of $2.50. So lets say the remaining 50% production of 1.5 million tonnes is making $10/t more than last 1/4

Is it then fair to say $10.00 x 1,500,000 = $15,000,000.00 extra profit over the Dec 1/4

NET OPERATING CASH FLOW $70 MILLION ????