Ann: Quarterly Activities Report - June 2022, page-5

Very impressive (expected) profit margins for a company worth $320m AUD. $130m AUD revenue for the quarter and my calcs have it at $416m AUD revenue for the financial year... I'm almost certainly wrong (please correct) but if we use those COGS and Operating Costs to determine profit, BSE is looking at $181m AUD in profit for this financial year.

Toliara is obviously a big ticket item but at a sniff, the purchase price is justified by current operations alone.