Will FMG be taken oven?, page-15

OK reposted with slight change, .(was posted on another thread...dont ask)
Not sure it is right, any advice let me know.

FMG Sept 14 qtr report :

Record shipments of 41.5mt achieved during the September 2014 quarter, an annualised rate of 166 million tonnes per annum (mtpa)
• C1 costs continued to decrease to US$32.08/wmt in the September 2014 quarter, a six per cent improvement from the prior quarter
• Delivered cost to customers was US$45/wmt for the September 2014 quarter inclusive of C1, shipping, royalties and administration
• CFR prices realised in the September 2014 quarter were US$71/dry metric tonne (dmt) based on an average 62% Platts CFR index of US$90/dmt


Going by the report in USD

Sales : $2.946B (41.5mt *71)
cost : $1.867B (45wmt * 41.5 not sure if finance cost is added into above cost)

Net : $1.08B or $1.18B Aussie at .91c


tonnage cost is expect it to fall say another 6% to 41USD in the Dec qtr

Expected shipment sales say 42m tons at $66 per ton

sales : $2.77B
cost : $1.72b

Net $1.05b or $1.20B Aussie at .86

so in 6 months FMG net is $ 2.38B ?