Thanks to @CapitalKing for the post on FA and to @Tangles2020...

Thanks to @CapitalKing for the post on FA and to @Tangles2020 for how they use TA.

Annually I look at something called PA which is Pension allowance - of significance is how much my pension goes up each year. This is measured in % and I quickly calculate how much extra I will get each month. (In theory it could be a negative increase).

This is very simple so I am looking to the future for LTR in a simple way.

Last quarter we effectively shipped 100kt during ramp up. (OK I know that 10 k was the previous quarter but we probably had 10k at the port that could have shipped at the end of the year.)

Anyway 100,000t is a nice round number - I am assuming that we broke even on production costs etc (Looking at the ASIC etc at the last financial briefing). I suspect we might be better than break even.

So what would happen if the price of Spod went up. I won't use % but the simple unit of 1 USD. (Also using 1USD = 1.6 AUD)
The change in AUD-USD has some effect but not as big as the price change in Spod.

For those that like it laid out simply:
1 USD increase - 100,000t shipped - income goes up USD 100,000 or AUD 160,000
10 USD increase - 100,000t shipped - income goes up USD 1,000,000 or AUD 1,600,000.


Incidentially my PA this year was +8% so if this was applied to Spod at 800USD / t this would give an increase in simple terms of USD64 / t.
So my PA applied to our 100,000 shipment would give an increase of AUD 10,240,000

I won't go any further as the price of spod could never increase more than 10 USD.

TG always gave me the impression this could be a money printing machine.

It's very simple, in my mind, if you think the price of Spod is going to fall then...... Otherwise....

Apologies if I have the numbers wrong - I really can't believe how much the income rises for such a small increase.