goyco dolphin reply

Yes stand by my figures assuming pdn of 3500 tons.
Less 35% refining gives payable 2275
Revenue
Hedged ni 795@17765 14.0
Unhedged 1480@42080 62.3
Copper 300@8000 2.4
Cobalt 70@44800 3.3 (.33hedged)
Interest 1.2
Sept revenue 70.6
153.8
Costs fy06
operating 60 96
Expl 6 5
Dev d+a 14 30
Corperate 4 4
84
ebt 69.6
tax 20.6
NPAT 49.0
Hoping 8 will go for divvy(4c) and of course 30 for new purchase.Have not allowed for dev of new mines in fy guess of $100 mill NPAT and development cost right down for this half.
Tax estimate could be on the low side.
T/O agree from cash position attractive but do big guys want what will be six smallish operations