Beautiful analysis guru. Holders won't like hearing it, but these guys are salesman as you said. As far as I can see, strip ratios will start to increase from now. furthermore, the accounting tricks such as shuffling inventories (draw down), borrowing more debt to keep cash constant at $2.4b cannot be repeated as inventories are now low.
If their guidance for this year is accurate, next quarterly should see them post at least $3b in cash holdings.
Sept quarter = 40mt (quarter of 160), profit margin ($57-$39 = $18). Free cash generated = $720m.
So at least $3.1b. I'll be curious to see as an outsider what their cash balance is in the next quarterly.
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