I recall the A$73/t was back of envelope calculation based on inventory holdings @ 30 june 2016 (tonnes ex qrtly and value ex balance sheet notes). I suspect it's the target.
These are the numbers I'm looking at....
Nothing real complex. FX rates ex RBA, CIF prices ex MySteel.
No warranty. DYOR blah blah blah
Have a great day.
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Column 9
0
FX
USD,CIF
AUD,CIF
Freight
COGs (A$/t)
Margin
Volume (t sold)
gross profit A$
1
01/07/16
0.7506
77.5
103.25
16.00
73.00
14.25
7,123.29
101,512.07
2
04/07/16
0.7517
79.5
105.76
16.00
73.00
16.76
21,369.86
358,164.82
3
05/07/16
0.7436
78.5
105.57
16.00
73.00
16.57
7,123.29
118,015.14
4
06/07/16
0.7521
78.5
104.37
16.00
73.00
15.37
7,123.29
109,516.40
5
07/07/16
0.7488
77.5
103.50
16.00
73.00
14.50
7,123.29
103,280.06
6
08/07/16
0.7559
77.5
102.53
16.00
73.00
13.53
7,123.29
96,355.21
7
11/07/16
0.7588
79
104.11
16.00
73.00
15.11
21,369.86
322,936.14
8
12/07/16
0.7602
81
106.55
16.00
73.00
17.55
7,123.29
125,020.16
9
13/07/16
0.7611
82
107.74
16.00
73.00
18.74
7,123.29
133,481.86
10
14/07/16
0.7626
82
107.53
16.00
73.00
18.53
7,123.29
131,972.31
11
15/07/16
0.7600
82
107.89
16.00
73.00
18.89
7,123.29
134,592.65
12
19/07/16
0.7501
79
105.32
16.00
73.00
16.32
28,493.15
464,988.01
13
22/07/16
0.7485
80
106.88
16.00
73.00
17.88
21,369.86
382,102.29
14
26/07/16
0.7482
81.5
108.93
16.00
73.00
19.93
28,493.15
567,814.19
15
28/07/16
0.7522
84.5
112.34
16.00
73.00
23.34
14,246.58
332,474.39
16
01/08/16
0.7547
86
113.95
16.00
73.00
24.95
28,493.15
710,977.16
17
02/08/16
0.7589
86.5
113.98
16.00
73.00
24.98
7,123.29
177,945.15
18
03/08/16
0.7607
87.5
115.03
16.00
73.00
26.03
7,123.29
185,388.08
19
04/08/16
0.7660
86.5
112.92
16.00
73.00
23.92
7,123.29
170,419.54
20
05/08/16
0.7610
89.5
117.61
16.00
73.00
28.61
7,123.29
203,785.93
21
08/08/16
0.7631
90.5
118.60
16.00
73.00
29.60
21,369.86
632,445.45
22
09/08/16
0.7695
91
118.26
16.00
73.00
29.26
7,123.29
208,417.49
23
10/08/16
0.7701
91
118.17
16.00
73.00
29.17
7,123.29
207,761.17
24
11/08/16
0.7691
90.5
117.67
16.00
73.00
28.67
7,123.29
204,224.69
25
12/08/16
0.7657
91
118.85
16.00
73.00
29.85
7,123.29
212,598.09
26
15/08/16
0.7698
91
118.21
16.00
73.00
29.21
21,369.86
624,267.61
27
17/08/16
0.7711
92
119.31
16.00
73.00
30.31
14,246.58
431,814.79
28
18/08/16
0.7644
92.5
121.01
16.00
73.00
32.01
7,123.29
228,016.03
29
22/08/16
0.7642
93.5
122.35
16.00
73.00
33.35
28,493.15
950,251.42
30
23/08/16
0.7603
94
123.64
16.00
73.00
34.64
7,123.29
246,717.97
31
24/08/16
0.7631
94
123.18
16.00
73.00
34.18
7,123.29
243,486.50
32
25/08/16
0.7640
93
121.73
16.00
73.00
32.73
7,123.29
233,129.17
33
26/08/16
0.7551
91.5
121.18
16.00
73.00
32.18
7,123.29
229,198.93
34
29/08/16
0.7569
91.5
120.89
16.00
73.00
31.89
21,369.86
681,438.60
35
30/08/16
0.7514
91.5
121.77
16.00
73.00
32.77
7,123.29
233,449.31
36
31/08/16
0.7514
90.5
120.44
16.00
73.00
31.44
7,123.29
223,969.28
37
01/09/16
0.7538
91.5
121.38
16.00
73.00
32.38
7,123.29
230,687.55
38
05/09/16
0.7601
91.5
120.38
16.00
73.00
31.38
28,493.15
894,083.66
39
06/09/16
0.7629
91.5
119.94
16.00
73.00
30.94
7,123.29
220,373.74
40
07/09/16
0.7678
91.5
119.17
16.00
73.00
30.17
7,123.29
214,921.41
41
08/09/16
0.7698
91.5
118.86
16.00
73.00
29.86
7,123.29
212,715.92
42
12/09/16
0.7533
91.5
121.47
16.00
73.00
32.47
28,493.15
925,045.85
43
13/09/16
0.7536
91.5
121.42
16.00
73.00
32.42
7,123.29
230,917.02
44
14/09/16
0.7480
91
121.66
16.00
73.00
32.66
7,123.29
232,630.58
45
18/09/16
0.7511
91
121.16
16.00
73.00
32.16
28,493.15
916,215.45
46
19/09/16
0.7544
89.5
118.64
16.00
73.00
29.64
7,123.29
211,115.21
47
20/09/16
0.7542
89.5
118.67
16.00
73.00
29.67
7,123.29
211,339.31
48
21/09/16
0.7555
89.5
118.46
16.00
73.00
29.46
7,123.29
209,884.77
49
22/09/16
0.7637
89.5
117.19
16.00
73.00
28.19
7,123.29
200,824.11
50
26/09/16
0.7624
88.5
116.08
16.00
73.00
27.08
28,493.15
771,617.24
GRR Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
(20min delay)