FMG 3.09% $17.34 fortescue ltd

Iron ore price, page-2145

  1. 3,123 Posts.
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    Hi Tabsuper,

    D&A is not included in cash flow, here is what I said earlier on 4/7/2017:

    - Total cost excludes D&A (C1/Shipping/Royalty/Interest/Admin) US$24/wmt

    I think I was over the mark, shipping might be a lot cheaper than I thought, to calculate "cash flow":

    Realised price is US$37.82/dmt x 0.92 (moisture) x 44.7MT (wet) = US$1555M revenue.

    Net Cash increased by US$570M (exclude dividend), therefore total cost exclude D&A is:

    US$1555M - US$570M = US$985M or divided by 44.7MT = US$22/wmt.

    That is US$3/wmt improvement over First 6 months of FY17. Excellent work by the management.

    DYOR.

    Frank.
    Last edited by frankycc: 28/07/17
 
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