Iron ore projected exports, page-27

A summary of my last post outlining the KML debt of $US2.381B + $AUD244 or $US183 gives a total debt in order of $US2.564b.

The US dollar index from 2011 to 2013 averaged .9889.

The total cost of the plant in $AUD 2.57b. At time of cost on 16 March 2011 the dollar index was .991. so the cost in US was $US2.544b which uncanningly similar to the loan above at $2.564b.

It was probably the worst time to borrow in $US as the $AUD was high.

If loan equals cost of building, then all other money raised has gone to running costs and losses.

My calculations have it that some $AUD1.17b was raised by GBG and KML separate to the loans.

This means that KML has probably lost $1.17b during its unproductive life.

OR in todays $US (at .79c) some $US925m (including interest costs).

GBG has exported some 40 million tonnes, so losing somewhere in the order of $AUD29/tonne or $US23/tonne.

Just a rough guess.

Any comments on my logic Mr Stevens and others?