Probably the way I should have presented it...
$11,445,000 - (11,000 * 120) + $4,700,000 / 55,000 = $269AUD/t = ~$199USD/t
--- But $199USD/t is a higher price than I anticipate they are receiving, so not sure? Though to me the back calculation makes sense in my mind?
Ann: June 18 quarter production report, page-33
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