I did some calculations on a long trip home from the snow last...

I did some calculations on a long trip home from the snow last night. If we can make 50 plus million after tax profit we can get around a 4.0-4.5 cent dividend late 2024. Our operations seem to run at a 105- 110 aud cost per tonne all included.

This 50m million profit was considering nothing but iron ridge production at 350,000 tonnes per quarter at the averages for the first half. And 140 usd per tonne current IO prices for the 2nd half. Minus 5 million (after tax profit) for the hedging we will be happliy be losing on.