Hi Team ,i reckon Pilbara Boy we are closer to the 2 billion-...

Hi Team ,

i reckon Pilbara Boy we are closer to the 2 billion- but say you are right at $1.5 Bi usd- we are over $2.1bil AUD

i May be wrong but didn’t we earn 3.2 Bil Aussie for the full year last year and we got a $1.14 dividend.

can only see another 2 months above $90 or $100 and we have another $2.1 BIl. That’s 4BIL Aussie profit for the first half.


what to do with al this money.
.
1/ reinvestment in mines - already on the way

2/ pay down some debt - well maybe not right now as we just did that and pushed debt out.

3/. The money shot- reward investors through dividends.

I smell an extraordinary divi being announced this month.
.
if not I think the first half divi to be minimum $.50

Giddy up you good thing.

go FMG.

al the best for all the posters and investors at FMG tomorrow with what I now will be a great report. We have been punished when we have had good reports in the past let’s hope that is not going to happen this time.

kind regards
MJAK