ann out!, page-36

Gindaldan, yes I know that they are separate/ I made a mistake.

Quick July revenue analysis below. Even for July, revenue is higher than $A75M burn rate. So if these numbers are correct, the development costs to complete the project must be pushing KML into the red otherwise why would GBG be saying that it is not likely that they will be cash flow positive during the Sept'13 quarter bearing in mind that KML's production performance should improve significantly Aug/Sept with the Filter fixes implemented and Fe quality improvements? At least KML should be able to declare positive cash flow for the Sept'13 quarter excluding once off completed development costs?

KML July Revenue
= Magnetite + DSO Revenue
= (340,000*120*(65/62.2)/0.915) + (264,000 (High Grade Estimate)*120/0.915
= $A47M + 35M
= $A82M