new coking coal contracts

GCL has settled coking coal prices for 2006 at $113 AUD a ton down from about $132 AUD in the prior year.
I’m put this in my spreadsheet and EPS should be 76c a share for the period 1 Jan 2006 till 30 Dec 2006. A 50% dividend payout ratio would see at 12.72% yield or a 33.3% ratio would be 8.48%.

My estimates are for:
720,000(t) of coking coal for the year
1,080,000 (t) of thermal coal for the year
Thermal Coal $53.00 AUD
Cash cost of production $47.00