I can't remember what I've said previously but my thoughts were they would end Toliara with somewhere between $200M AUD and $200M USD; and your new estimate is $200M AUD - but with little bit of prodding seemingly intended to be at my expense!
I think you're overestimating costs given lower volumes and I think the reduction in receivables will come forward given the reduced sales so I think they'll have more money overall and get it sooner than the revised spreadsheet.
Let's say ending with $150M USD rather than $135M
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