In this thread, (Post #: 6959698), I talked of mine profit.
This is based on avg qtly price - C1 cash cost.
It is a good way to compare different companies, but cannot be used to determine a dividend. My number excludes Overheads, Depn and Amortisation, exploration expense, tax expense, interest (rec or paid), debt repayment, sale of non core assets etc (you get the picture).
So I would be careful in using the figure of $429m to calculate a dividend.
Also, with all the studies going on, I would suspect that they will not pay out the max, they will conserve cash to pay for expansion.
If I had to hazard a guess, I would say a divi of 40c per share (unfranked) for the June half would not be unreasonable.
HT1
OZL Price at posting:
$13.98 Sentiment: Hold Disclosure: Held