Iron ore price, page-268

SP is getting closer to support again, this is getting ridiculous low again.

H1 - NPAT US$1.222B.
Q3 - NPAT US$1.062B
(IO US$84.82/dmt, realised price US$72, revenue US$2.936B)

Let say IO is US$70 for the Q4 - NPAT US$0.733B

FY profit of US$3B

or P/E of 4.8.

For FY 2017-2018, if average IO price is for the WHOLE year, and SP stays at $6:
IO at US$70 - NPAT is US$2.9B (P/E of 4.9)
IO at US$60 - NPAT is US$2.1B (P/E of 6.8)
IO at US$50 - NPAT is US$1.3B (P/E of 10.9)

6 more months, we should see SP at $8, SP of $6 is just too low, hehe, and people talking about $5s?

DYOR.

Frank.