- Good call busteramove
- Aussie dollar is below $.60 and trending down.
- When you do the maths the exchange rate is like the IO price over $100 USD a ton.
- For example- at $90 Usd a ton- with exchange rate at $.68 we get $133 Aussie a ton.
- We get $156 Aussie a ton at exchange rate of $0.58
- So if you divide $156 Aussie a ton by the $.68 Aussie exchange rate you get an IO price of $106 USD a ton
Add in lower input costs and smarter people than me can work out how much lower our C1 cost will be, and how that effects our NPAT.
lets hope we see the $11 today or at least end up above $10.50
GO FMG GO
regards
MJAK
Good call busteramoveAussie dollar is below $.60 and trending...
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