Cheers Franky
I note that Kings Fines has reduced to 5% from 6% too
https://www.argusmedia.com/en/news/...f-fines-discount-for-april?backToResults=true
Geez the weighted avg discount would now be under 10% for April.
Cash generated per tonne after royalties could be in excess of USD 45. After tax it could be USD 32 (depreciation reduces taxable income to say around USD 38 so tax at 30% might be say USD 13 per tonne)
Assuming 14m tonnes (170/12), operating cash generated could be around AUD 600m.... Assumes AUD/USD of 0.715
Iron ore price, page-11236
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