Sydney seminar Q&A, page-39

@KDoc,

Thanks - And unfortunately, I'm not sure who was sitting next to Odyssey360, but I wasn't sitting in the front row.

I'm definitely conscious and aware of the danger of posting the calculations and forecasts and thought twice about it before sharing given the assumptions being made and loose data provided. The intention was not to mislead or oversimplify things, but to share some of the basic workings of information collected to date.

I'm really relying on readers to use this as a platform or input into their own calculations and models. Every number is variable based on their own research and information at hand...a small but significant change of NPAT vs EBITDA can make all the difference.

In any case, the tables I uploaded (with very sketchy data) provide NPAT of $52m by 30 June 2019, which is $12m higher than the $40m target set that IAM set up for themselves (i.e. 30% over).

Appreciate the feedback and corrections.

Cheers.