Hey Birch, thanks agree with pretty much all of that. Just on volume - I've been leaning on the recent guidance in terms of saleable tonnes.
And when I do use these numbers eg 18.5mmt I tend to apply US$300 as my upper limt for sales numbers. I know this is a bit conservative but if you go 18.5mmt @ US$400 excel breaks. I've also tried on a scientific calculator and in google sheets but doesn't work there either. Just tells me the number is bigger than ben hur (who ever that is).
Ann: Update - Dividend/Distribution - CRN, page-7
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