Numbers looks good though I think the depreciation should be higher.
Based on $28M depreciation for 113467dmt sales, an equivalent of 200,000dmt sales = $49M using the same ratio calcuation.
But I would suspect it would be higher because the mine life is further reduced.
If you look at the ore mined below in annual report
![]()
Q4 = 637277 or annualise that amount = 2,549,108 per year.
If you look at the latest reserve below:
![]()
At going rate of 2.5MT per year with 7.64MT tonne left, the mine life has about 3 years left as at 31st Dec 2017.
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