Sorry Porker, but you're well wide of the mark. The corp...

Sorry Porker, but you're well wide of the mark. The corp presentation of 2 June notes expected prodn of 160k tons in 2017, not the 120k you claim. You also mix up Aust dollars and US dollars. Price is received is about A$1,125 less current cash cost of A$514 equals A$611 profit per ton. For the contracted 120kt, that should produce a profit of A$73m, on top of which there is expected to be an additional 40kt produced under the 2016 pricing, which will bring 2017 profit to about A$90m, not the A$23m you claim. As for 2018, that will be a different ball game. If, as expected, the contracted price is considerably greater, the prodn is also increased and the cost is decreased, the profit will be that much larger. All this, without even taking into account JB and SDV, makes the current share price look ludicrously low. DYOR