I think tty used to sell IO at spot price above US$100now the...

I think tty used to sell IO at spot price above US$100

now the bench mark price after discount is about US$60

tty's cost of production was, last time i checked around UD$50.

So US$20 million roughly profit from sales

less other expenses convert back to AU$

divided by # of shares of around 160 million

profit per share is about 8 to 10 cents

not bad given the current price

if we use DCF model, the sp should be around 50 cents.

If reserve increased to 20 million tons, sp can jump to $1.

Correct me if i'm wrong haven't checked updates for a while.

IO price is likely to go up after recession.