My back of the envelope calcs estimate about A$1m cashflow from that first shipment.
The assumptions I used were average IO 62%fe of US $120/t of which a US$10 /t discount for the +60% Fenix TP Lump.
If FEX make 30% on the sale with 70% for 10m (~US$2mFEX / 10M US$4.5m).
FEX pay $40/t at mine gate so that needs to be removed and the $60/t haulage & port services added. I've estimated about A$10/t profit from haulage and port.
Just rough calcs (I'm in the car so can't do a thorough calc) but should add positively to the bottom line.
Ann: Fenix completes first shipment from Twin Peaks, page-3
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