Hi Team, with IO for 58% reaching $98, and a pay out ratio of...

Hi Team,

with IO for 58% reaching $98, and a pay out ratio of between 50-80%, and the assumption that IO price will average $90 a ton for the next 12 months.

Would it be possible that FMG would be making the below profit and then look at paying significant dividends, as calculated below?

170 MT x $60 profit - ( based on pulling it out of the ground including royalties $30.00) = $10.2 billion USD or $14.5billion AUD.

LESS 30% TAX - $7billion USD or $10.15billion AUD

50% pay out ratio $5billion AUD / 3.3billion shares = $1.51 per share for the 12 months
80% pay out ratio $8.1 billion AUD / 3.3 billion shares = $2.46 per share for the next 12 months

probably missing something, appreciate someone with more understanding to help gain a more accurate account.

My opinion is that FMG will pay between $.50 and $.60 in August.

kind regards
MJAK