If CKA fails to perform and only gets 10,000 tonnes per month = 120,000 tonnes per year.
If price US$ 230 less 6% = US$216.2
Less costs US$ 135
Then margin US$81,2 = AU$124
Cash margin = AU$15 million/year (all ours)
We are MC $107 million
So currently with 2 x lousy barges we are exceeding this. Do you really think 10,000/month is not achievable?
Mining fleet being tripled, road upgrade in progress, access to Petrindo Buntok ISP doubles capacity of lousy 2 x barges, more barges on offer from MBS. I'm optimistic that we will do much better.
All in my opinion DYOR
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26
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