Iron ore price, page-28513

Seaborne edges up again. 10 straight business days above $172!
Average htd price is ~$167dmt : )
Absolutely killing it.

2nd Half 20 we had a Ave realised FE price of $79dmt and paid out div of $1 per share or $1.43 gross up div ( 77% of 20 NPAT )
1st half of 21 we had an Ave realised FE price $114dmt and paid out div of $1.47 per share or $2.1 grossed up (80% of H1 21 NPAT)

Last half our realised price was ~ 90% of the Platts CFR index This half the 62% FE spot average half to date is ~ $167dmt. 90% would be ~$150
This is +$36 on the realised price from 1H 21. Assuming ave price of $167 remains for rest of half along with same costs & pay out ratio & then we are likely to see a 2H div of $2. which would gross up to be ~$2.86
$2.1 + $2.86 = ~ $4.96
$4.96 / $25.24 = 19.65% yield (fx not factored)
Ok its a crude calculation, without fx as a consideration, it also assumes a lot goes right for us between here & the end of the half.
If the Platts CFR spot can remain above ~$167dmt for the next few months we are a chance to get there. The other factor is the AUD. Difficult to predict, but likely to impact against us. I guess that if the US ramps up though and LT bond rates continue to climb rates in the US might be back on the agenda and this could help soften this sustained growth of the AUD. Just my lazy & ambitious thoughts