Banter and general comments, page-34196

Ok let's go champ.
$202.1m cash in the bank.
C1 cost guidance of up to $1250AUD or $831.88 USD
Q1 realised price of $2560 USD
Sales guidance of 90-100,000 tonnes.
Exchange rate of AUD/USD of 0.666.

That's a margin of $1728 USD.

Rough extrapolation across sales guidance (assuming 100,000t) is a net profit from operations of ~ $173m USD or $260m AUD.

That would put them at $402m cash in the bank.
Then we subtract out $25m on exploration and a top of range $50m for BP33 works and they still have ~$387m on hand to fund FID for BP33.

The question is then how much will BP33 cost to build (excluding early works). And what additional work is required on the plant. But they have a very significant pool to fund from.

In addition, none of this includes any recovery improvements, which have already begun being realised, and uses the higher end spend. As for realised sale price, clearly prices have continued to ease. However there is still good margin for CXO.

So over to you mate, tell me why you see the need for another CR?