Idle wanderer is incorrect.
Its easy to calculate the income on each ship and the profit.
The quarterly report states the amount received FOB Port Latta was A$373.72/tonne
"Increase in average received prices for the quarter to US$287.15/t (A$373.72/t) (FOB Port Latta) "
Each Panamax ship carries approx 80,000 tonnes, the amount received is A$373.72/tonne
=A$29,897,600 income
Profit /tonne on the iron ore pellets is easily calculated on the increase of cash in the bank and receivables + capital expenditure.
ie A$177.64 million divided by the total tonnage ie 654,000 tonnes sold ie A$272/tonne profit
80,000 tonnes x A$272 = $21,760,000 PROFIT per ship load last quarter.
This current quarter is averaging US$25/tonne or AUD$34/tonne more
This is all extra profit so A$34/t x 80,000 tonnes = A$2,720,000
Total profit per ship so far this quarter 21,760,000 + $2,720,000 = A$24,480,000 PROFIT
gaz was 100% correct, maybe a few dollars short if idle wanderer wants to be exact.
That other place in WA would have profits only 50% of Grange per FOB ship load
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