I am beginning to wonder how profitable this stage 4 cockatoo project is going to be. Iron ore now down from $136 per ton to $110 per ton and the Au$ rising.
1.2m tons @ $1.10 $132m
Operation costs $53 per ton $ 63.60m
Infra & capital ex. $ 35.00m
Bond $ 20.00m
Total cost $118.60m
Profit $13.40m
Thats a 10.15% gross profit
less tax and royalties $ 4.40m
net profit 6.81% $ 9.00m
plus whatever stage 5 is worth and iron ore doesn't drop any further. $100 per ton is breakeven.
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