AGO
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0.00% 4.5¢ atlas iron limited

MGX made $10 M in DEC 17. Selling 900k tonnes. All in cash cost...

  1. Nightmarez3k
    6,170 Posts.
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    17/01/18
    23:26
    Post #: 30388433
    MGX made $10 M in DEC 17. Selling 900k tonnes.
    All in cash cost $47 and price sold $60 tonne.

    AGO sells 2.5 to 3 M tonnes the profit should be $30M? C1 cash cost sept was $52 realised price $55 ( using MGX $60).

    2.5 x8 = $20M to 24M.

    Before any hedging benefits.
    AGO Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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