Chelks, It COULD be possible...
Just a VERY VERY rough calculation:
1.6M x ($120 - $50) x 75% = $84M
Qtr production x (Possible IO price less costs) x 75% share
$84M - $48M = $36M
Then take away debt repaymnet
$36M + $99.8M = $135.8M
Now add on March Cash
I am probably wrong somewhere but whichever way you look at it, it looks good.
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