GRR 2.74% 37.5¢ grange resources limited.

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  1. 12,100 Posts.
    lightbulb Created with Sketch. 1758
    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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