Back of the envelope calcs:
Started qtr with net debt of $52m
Received $88m for CB assets
Paid $15m in divs
Spent $8m capex
Finished with net cash of $36m.
This equates to operating cashflow of $23m in a quarter where full production rate was only achieved half-way through the qtr.
That's a baseline of 12cps / qtr and will only rise in quarters with nameplate production capacity throughout. Then add in Roma North.
Cashcow (finally).
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