This is really important looking at Arrium cash flows in FY15.
DA Based on FY14 numbers.
Column 1
Column 2
0
DA
1
Iron Ore
205
2
Mining Consumables
47
3
Steel
104
4
Recycling
11
5
DA TOTAL
367
FY15 Capex using the low end of the guided range.
Column 1
Column 2
Column 3
0
Capex FY15
1
Capex Mining Cut Backs
135
Growth
2
Capex Exploration
25
3
Capex Mining Haul Road
15
4
Capex Mining Stripping activity assets
45
Stay in Business
5
Capex Mining Consumables
80
75% GROWTH, benefits in FY16/17. Stay in Business only $20m
6
Capex Steel & Recycling
70
Stay in Business
7
Capex Total
370
8
Assets Sold
100
9
Net Capex
270
The writer implies no investment recommendation. This report contains material speculative in nature. Investors should seek professional investment advice. The writer owns shares in Arrium.
ARI Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held