Also like to add - next financial year we should be generating around 4.5mt. On this equation, say iron ore aud $200 cash cost $45 nets gives us $155 per tonne. Therefore, $155 net x 4.5mt gives us $697 million in cashflow. This is why Peter Kerr always refer to the cashflow being substantial - it will be based on these numbers is very positive. It would be great if MGX can acquire Cockatoo Island similar to Koolan history. If after tax and depreciation can generate $450million - around 42 cents per share at a multiple of 8 times will give a share value of $3.30
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