Ann: June 2018 Quarterly Report, page-2

On from a previous post I shared on a different thread, here are the updates...

- Confirmation of July shipments @$54AUD margin (confirmation of expected quarterly $38M NPBT)
June Q cash margin $48 EBITDA $18.2M (Port breakdown caused low saleable)
- Update of BA japan shipments (if we got a premium this would be massive)
38% of the September mix being sent to Japan... This should come out next Q
- Update on progress of BNU CPP
CHPP forecast to be operational Q1 of 2019 calendar year - this will come quick. Also there is a feasibility study so we will get number on increased profitability
- Update on BNU new drilling
Development of this target in Q4 of this year
- Update on refinancing (this will cut our financing bill in half)
Nothing new here unfortunately
- Things continue to stir up north in the Galilee???
Recommenced Springsure exploration and plans with Fernlee

And the big one... forecast is for EBITDA of $40M across both sites for the September quarter... This is equal to 10.6c per share earnings (only for the quarter) based on 377M shares on issue after fosters executed their options...

Things are looking very rosey at TER, possible conservative $140M EBITDA per year prior to CHPP install at BNU - there is every possibility that could be $250M annualised EBITDA by 2019... This should have MC of $500M right now....