The above 2009 cost of production figures from the two presentation don't really reconcile. US$33.75 in the September 2007 Presentation to US$27.78 in the June Presentation.
We probably should get a clearer picture in the documentation for the demerger.
However, if ADY where to receive the US$51.78 interin pricing for 2008 in 2009 it would make US$18.03 per tonne.
On 10.0 MT production, Operating profit would total US$180.3M;
ADY's share in 2009 would total US$108.1M.
Regards
SP
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
