Ann: Application for quotation of securities - MIN, page-11

sorry but nowhere near it. Their cap ex forecast inc sustaining capex was $1.8b for June 24 HY

further to that, $1.3b is really only $1b in this current HY as $200m deferred until prod targets hit and $100m will be chewed up by taxes.

then you have the $200m instalment paid on 1/7. The purchase of bci assets. The provision for rehabilitation/closure costs will be updated soon. Either way the provision will have to be funded from debt/existing cash balance. Interest will be about $100m higher pa than the Dec 23 figure as the usd debt facility was taken out in Oct 23 (during the Dec 23 HY) and is now fully drawn down

aldo when Onslow road part sold, they took out new facility which would be paid off once Onslow proceeds are received. So what existing debt will be paid down if they are taking out bridging loan….

Also are the IO mines actually profitable at present. One of them is unlikely to be given the decision to close and their very high fob costs and royalty relief expired.

I said min were in a stronger fin position when the tried to take off ago. I strongly believe that. I dont even think the situations are comparable but that’s me