Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

This management team is laser focussed, there are so many positives in this report;
- First trains at Burton November
- Crush and screen set up at Broadmeadow east to get thermal through Burton TLO (API-5 Thermal is around US$180/t)
- 2nd Bluff shipment of 40kT ULVPLCI (think this is fetching >US$250/t still)
- 3rd Bluff shipment late Oct, so they are running close to nameplate right now
- Cash reciepts of A$31M, both of the first 2 Bluff cargoes made it into the quarter (80kT * 263 / 0.68 = A$31M)

Importantly the production costs right now include production at Bluff, Broadmeadow and CHPP refurbishments, while receipts only include the Bluff sales..... So look out when pre-production costs go away and you have sales from 3 producing mines.

Cash will get tight, activity is high, but the revenue now being received will provide financiers with confidence...