3rd qtr report..seems to look good, page-12

Those are the cash costs from page 8 of the presentation
http://www.stocknessmonster.com/news-item?S=OZL&E=ASX&N=307671

Just realised I looked at the total cash cost for some and total costs for others.

So using similiar costs


Sepon Copper is 125c/lb
Sepon Gold is $804/oz
Golden Grove 60c/lb
Rosebery 60c/lb
Century 87c/lb
Avebury $14/lb (this is due to ramp up I suspect but still worse than I had expected)

Remember these costs take account of most costs, writeoffs for depreciation & amortisation.

It doesn't look at tax, corporate overheads, dividends.
If you work from those then add in the costs for those, tax = zero most likely perhaps upto 40million at most, dividends at 10c = $320million, corporate overheads is hard to judge maybe $25million I honestly can't say because the new profile will be different to Oxiana. From those figures added in things look quite grim to me.

So assuming that for the next 9months prices are flat around these levels then I see very little if not a loss and will be reported as such in the financial reports, media.
The depreciation and amortisation can be added in to get a value of the cash generation but it still will be a shocker