Cash flow to Net Debt Bridge, page-3

The project is not being delayed, the final payment is, with the big payment if FY19 (not sure when), US$38m due in FY18

In the talk on the previous slide it was stated that the 41m SAC, 15m bounty, 91m working capital change and 23m Integration costs would all be reduced to about 30m in FY18. An expected improvement of $140m to cashflow.

Capex (excluding ASX) is expected to be 190-210m, so about 20m less (+/-10m), so -54+20+140 = $106m

It also states that they expect $100m of prepayments for ASC (dont think they have put a number on it previously), so that leaves at least $60m to be funded from cashflow.