Originally posted by Palchum
$9M in bank at end of quarter didn't include the cash received early Jan so that gives us $17M or so.
They say they are at 12,000 tonnes a month now, we were at 8,000 previous quarter so lets meet in the middle and say 10,000t a month or 30,000 tonne for the quarter. There is $30m. We are now at $47m.
Now add the $30m CR and we are at $77m.
Subtract the $46m (remember this includes capex costs still) plus an extra $4m for the sake of starting to pay back ganfeng, say $50m and theres $25m+ in bank after costs at the end of the quarter.
After this quarter lets say we are closer to nameplate and doing 14,000t a month, theres $42m for the quarter with no interest repayment and hopefully minimal capex costs against maybe $25m of costs. Looks like a healthy quarter and still not at nameplate.
Its interesting how the numbers can read depending on how you look at them.
Hi Palchum, don't want to rock the boat but "shipped 24kdmt in the Qtr" and yet December "produced 7.5kdmt". This is as per announcements.
