Just say Iron Ore and currency prices do not move or average...

Just say Iron Ore and currency prices do not move or average today's spot prices for the next 5 years.

What would AGO's Net Debt look like in 5 years time?

Assumptions...
Production Rate 12Mt a year
All in costs = $70/t (excluding stripping)

Capex FY15 = 122m and then $60m (ie $5/t for stripping) for each of the next 4 years.

Dividend = 0.03 for each each year. Yield = 4.5%

FY19 Net Cash = $63m

It would be $100m higher if no interest was paid on unused but drawn down debt.

***

Now a 5 cent fall in the audusd to 0.8750 changes this to...

FY19 Net Cash = $258m

It again would be $100m higher if no interest was paid on used but drawn down debt.

***

Now a $US5 rise in the Iron Ore price to $US97.50 (audusd 0.925) changes this to...

FY19 Net Cash = $268m

It again would be $100m higher if no interest was paid on used but drawn down debt.