Ann: BC Iron posts record annual production , page-6

I'm confused. I'm trying work out how much cash BCI made for the last quarter. What I know:

~As of 31/03/13 cash was A$99.8M
~As of 30/06/13 cash was A$138.5M after additional loan repayment.
~Loan repayment was to be A$18M but instead it was A$48M.

But if I just deducted one from the other, the cash made for the quarter is too much.

My only other thought is that we haven't needed to pay opex to FMG for rail/port during the quarter, since that has been pre-paid already. If it's true as some analysts think that it's $20t. And there was 1.6Mt exported for the quarter. Does that mean $32M didn't need to be paid out for the quarter to FMG.

Is it therefore 138.5 minus 99.8= 38.7 plus 48=86.7 minus 32= 54.7

That works out to be $54.7M cash for Q4. That can't be right though, the price of ore has been lower for Q4 than Q3. I have no idea then.

Nice run today :)