Iron ore is back at $110/t.
Based on my calculations...
2mt per year divided by 12 = 166,666 tonnes per month.
Each $10 above the $100 benchmark price = $1.66m per month, or $20m per year in additional profit.
That additional profit over the course of the year is 133% higher than our current share price.
And if 100% of that money was paid out in dividends, it would be about $0.17c per share, or 113% of the current share price. In ADDITIONAL dividends.
Someone please check my math.
Ann: Trading Halt, page-32
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