Back of the envelope calcs:Started qtr with net debt of...

Back of the envelope calcs:

Started qtr with net debt of $52m
Received $88m for CB assets
Paid $15m in divs
Spent $8m capex
Finished with net cash of $36m.

This equates to operating cashflow of $23m in a quarter where full production rate was only achieved half-way through the qtr.

That's a baseline of 12cps / qtr and will only rise in quarters with nameplate production capacity throughout. Then add in Roma North.

Cashcow (finally).