150kton at A$230.3/t with C1 costs assumed at say A$90/t - margins over $100/t (assume $100) - $15mill.
Assume a further 175kton at US$90/t at 75c exchange rates $AU120/t - margins around $30/t - $5mill.
A total of 325kton for the Q is possibly below actual since last Q 341kton was shipped. So possible further sales upside.
Unless I'm doing this wrong, I do expect around at least $20mill margin for this coming Q - perhaps a tad too conservative/optimistic?? Please feel free to do more precise calculations.
FEX Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
(20min delay)