cash flow

so thats around 50kt per ship is my guess? is that reasonable
so around 250,000kt shipped this quarter.

lets say $100 $110/t FOB which i think is pretty reasonable. They have a decent lump:fines ratio at Frances creek so i reckon that price would be achievable.

Assuming costs of $40-50/t - which we would expect should fall through the year and next.

So $US50-70/t profit. Lets say $55/t to keep it on the lower end and perhaps more reasonable.

US$55/t * 250,000 = $13.75M profit this quarter.

annualized = $55m....just under a third of current MC