The Brains Trust-2019, page-498

and paddington bear
Came across an article in SMH "Dividend splash:higher ore prices a win for investors" March 18, 19 Darren Gray

Worth a read if you have access otherwise thought these bits were interesting.
IO stocks now looking a bit toppy though?


"Since the disaster, the stock prices of the three biggest Australian iron ore producers, Rio Tinto, BHP and Fortescue, have surged, lifting their combined market capitalisation by a whopping $36.51 billion to $331.53 billion last week.The dividends to be paid by the three will be outlined in a few months, when the miners announce their results in August."

"Every $US10 increase in iron ore prices for Rio Tinto generated a further $US2 billion in ‘‘after tax, additional free cash flow", he said. ‘‘It’s as simple as that."The ramifications for Australian households from high iron ore prices could spread well beyond the dividend payments.Iron ore prices are running well ahead of Treasury forecasts for 2018-19 of $US55 a tonne, likely adding billions of dollars in extra revenue to the federal government’s coffers."