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Ann: Refinance Program, page-54

  1. 457 Posts.
    lightbulb Created with Sketch. 45
    You're including managed tonnes from SA.

    It's closer to 2.35 * 60 + 3.6 * 5 = 159M Gross profit.

    But that depends on if the BA margin stays high and if the SA margin stays low.
 
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