Help me out here Guys so not sure if this is right , Not into charts just the fundamentals.
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 * 45 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 ?
- Forums
- Commodities
- Chinese traders tip iron ore to hit $US70
Help me out here Guys so not sure if this is right , Not into...
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online