Yes stand by my figures assuming pdn of 3500 tons. Less 35% refining gives payable 2275 Revenue Hedged ni 795@17765 14.0 Unhedged 1480@42080 62.3 Copper 300@8000 2.4 Cobalt 70@44800 3.3 (.33hedged) Interest 1.2 Sept revenue 70.6 153.8 Costs fy06 operating 60 96 Expl 6 5 Dev d+a 14 30 Corperate 4 4 84 ebt 69.6 tax 20.6 NPAT 49.0 Hoping 8 will go for divvy(4c) and of course 30 for new purchase.Have not allowed for dev of new mines in fy guess of $100 mill NPAT and development cost right down for this half. Tax estimate could be on the low side. T/O agree from cash position attractive but do big guys want what will be six smallish operations
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held