Ann: Quarterly Activities and Cashflow Reports, page-8

Just a rough back on the envelope Goz based on the announcement by Genex and the details the analysts are using ("Electricity generated by Jemalong will be initially be sold into the NEM on a merchant basis at spot rates, where daytime electricity prices in NSW averaged $39/MWh in January, $35/MWh in February and $39/MWh in March"). I'm sure there are several factors that will impact the real figures but given we ended up with nearly the same figure (~50k difference) the intended insight remains unchanged. I do appreciate the detailed information though and believe you probably know much more than me on these matters. Onwards and upwards.