Can anybody understand how we get from 30M profit at $90 vs $60M at $120? It doesn't add up to me.
1.8Mt X $90 = $162M
$162M - 30M = $132M (production cost)
1.8Mt X $120 = $216M
$216M - $132M = $84M (Profit)
Surely Iron ore production costs don't go up $24M.
Also that would bring production cost to $73.33 P/t.
Can anybody understand how we get from 30M profit at $90 vs $60M...
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