I thought you'd all be interested in the sensitivity of MIn RES...

I thought you'd all be interested in the sensitivity of MIn RES earnings to the Iron Ore price going up 1.3% on SGX to from 93.55 to 94.65.
Basically it increases earning per tonne by $0.80, and total free cash flow generated over the next 3 years goes from 82% of equity value to 84% of equity value.
I show the two tables below.

	MinRes Onslow estimated EBITDA per tonne Aus $ (mining + mining services)						31.6
	Date since	Total days	Rate shipped per day tonnes	Total transhipper unloads	Total shipped (tonnes million)	Rate per year(million tonnes)	Free cash flowFY 26 Onslow(FOB AUD 58), $ m
	05-May-25	53	78113	207	4.14	28.5	$902
	11-May-25	47	80851	190	3.8	29.5	$934
	20-May-25	38	82632	157	3.14	30.2	$954
	01-Jun-25	26	92308	120	2.4	33.7	$1,066
	Current	14	98571	69	1.38	36.0	$1,138
	Free cash flow (FCF) estimates (entire business)
		Fy 26	Fy 27	Fy 28	Mkt cap $ m
	FCF $ m	1150	1386	865	4063
	Price/FCF	3.5	2.9	4.7	FCF % of mkt cap (Fy 26 to 28)
					84%
	Unloads by Transhipper since 5 May 2025						Iron Ore price US$
	Airlie	Coolibah	Montebello	Rosily	Peak		$94.65
	47	51	47	51	10.5		Aud Usd
							0.655

	MinRes Onslow estimated EBITDA per tonne Aus $ (mining + mining services)						30.8
	Date since	Total days	Rate shipped per day tonnes	Total transhipper unloads	Total shipped (tonnes million)	Rate per year(million tonnes)	Free cash flowFY 26 Onslow(FOB AUD 58), $ m
	05-May-25	53	78113	207	4.14	28.5	$879
	11-May-25	47	80851	190	3.8	29.5	$910
	20-May-25	38	82632	157	3.14	30.2	$930
	01-Jun-25	26	92308	120	2.4	33.7	$1,039
	Current	14	98571	69	1.38	36.0	$1,110
	Free cash flow (FCF) estimates (entire business)
		Fy 26	Fy 27	Fy 28	Mkt cap $ m
	FCF $ m	1124	1360	846	4063
	Price/FCF	3.6	3.0	4.8	FCF % of mkt cap (Fy 26 to 28)
					82%
	Unloads by Transhipper since 5 May 2025						Iron Ore price US$
	Airlie	Coolibah	Montebello	Rosily	Peak		$93.55
	47	51	47	51	10.5		Aud Usd
							0.655