C1 costs do not include interest repayments. You are talking about paying the debt principal.
If you want to estimate FCFE, (i.e. cash available to shareholders), you need to then include the debt repayments.
C1 costs quoted at Thunderbird are direct costs at the project level and do not include additional corp overhead costs at the company level.
Yes, I actually do have a complicated model'Shit in, shit out' more than usual at the moment. We learned some valuable information on the revenue side today, though.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-16
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