I have time to do it for the current quarter. This is the current state of play as far as I can ascertain - 5 more ships to go:
Yangtze Xing Zhong 80,000 1 CSSC Tai Yuan 82,000 2 DL Dahlia 80,000 3 Theresa Jiangsu 80,000 4 Inception 80,000 5 MBA Liberty 80,000 6 482,000 7 8 Ship #7 80,000 9 Ship#8 80,000 10 Ship #9 80,000 11 Ship #10 80,000 12 Ship #11 80,000 13 882,000
As far as what it means from a P&L perspective, I have a little financial model I am running for MGX and have quickly done an estimate for the current quarter only should we hit these numbers. Note that this quarterly estimate is based on 65% ore at US$135/t, exchange rate of 0.73 and direct costs of AU$50/tonne. So I am probably light on the sales prices with both a lower than market ore price and a higher than market exchange rate, which would more than offset higher direct costs, as I am not confident on my estimate for these at the moment.
Overall, I think it could be a reasonable proxy to what MGX may achieve for the quarter and we should start to see a rebuild of cash when then next report. My investing and financing cashflow numbers for this final quarter are pure guesses and I would expect these to drop right off as we move into FY23, so the Net Cash from Ops number for the quarter, when extrapolated to a full year, starts to become very interesting!
Mt Gibson (MGX) 1 Revenue 163,110 2 Other Income 2,000 3 Total Income 165,110 4 5 Operating Expenses -40,000 6 Depreciation - Right of use assets -2,250 7 FX 0 8 Admin and Other Expenses -3,750 9 EBITDA 119,110 10 Margins 69.9% 11 Depreciation & Amort -28,250 12 EBIT 90,860 13 Interest -250 14 NPBT 90,610 15 Tax -27,183 16 NPAT 63,427 17 18 Net Cash from Operations 93,927 19 Investing cashflows -40,000 20 Financing cashflows -10,000 21 Free Cash Flow 43,927
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