G_O You nailed it.
Have a lot of numbers floating around in the grey matter...will put some time aside today to get this down onto an excel spread sheet and review it against assumptions that Maquarie made in their Analysis i.e Production Volumes, Volume Shipped, Volume Hedges...etc to try and get my head around the "CASH FLOW" situation...this is the critical part.
Read an article last night re Iron Ore forecast to go to US$75/t
As I type this...ANN out with no detail yet.
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