Ann: BC Iron posts record annual production , page-7

  1. 1,097 Posts.
    lightbulb Created with Sketch. 9
    Chelks, It COULD be possible...

    Just a VERY VERY rough calculation:

    1.6M x ($120 - $50) x 75% = $84M
    Qtr production x (Possible IO price less costs) x 75% share

    $84M - $48M = $36M
    Then take away debt repaymnet


    $36M + $99.8M = $135.8M
    Now add on March Cash

    I am probably wrong somewhere but whichever way you look at it, it looks good.
 
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