Just basic back of the envelope conservative calculation ....
14m tonnes per month @ $75 USD conservative average = $35 USD profit X 3 months
$1.470 bn profit - just sayin'
I know the average price per tonne received should be much higher than this $75 for Sept quarter I have estimated (E.g. June quarter was $92 average) so the profits could be closer to $2bn if the average price was closer to $90 ... happy with either scenario... hehe
Net debt could be zero by January when they issue the December quarterly ? I think @frankycc and @rcman predicted this net debt free scenario about 3 years ago for this time line in 2019/2020 .... they may end up being spot in !
GLTAH
Iron ore price, page-17005
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