Ann: Strategic Review Update, page-179

For those who haven't FREAKED out.

Here is what the next 6 months of Cash Inflows and Outflows look like, IMHO.

Inflows

- Sale of 45,000t (assuming we still meet 90,000t per year) = 45,000 * 5535rmb/4.78 (4.78 is the AUD to RMB exchange) equating to AUD $52.107M

- Assumed no interest earned from circa $200M cash.

- Assumed can't sell fines in the current market.

Outflows

Wages of $2,500 p/w for 26 weeks, for 50 workers to process and care maintenance AUD $3.25 M

Super and Payroll (11% plus 5.5% of wages) AUD $0.54 M

Redundancy of 250 workers with 4 weeks pay @ $2500 p/w AUD $2.5 M

Equipment hire for next 6 months ($3 M per month) AUD $18 M

Discount to offtake partners of 10% AUD $5.2M

Royalties of 5% AUD $2.6M

Freight to port (assumed $100 p/t @ 45,000 tonnes) AUD $4.5M

Electricity and Insurance (assumed $5M for the next 6 months) AUD $5.0M

Office salaries and overheads (assumed another $5M for 6 months) AUD $5.0M

Total Cash Outflows from operation AUD $46.59M

Net Cashflows (Positive for the next 6 months) AUD $5.517M

AIMHO.