Dec Qtr Predicitons

AUDUSD $0.72
Avge Zn Price US$1.15
Ore mined 2.75Mt
Head Grade 3.0%
Recovery 48.0%
Payable Production 72.48 Mlb
EBITDA A$19.356m
MMG payment A$13.1m
Change in Cash -A$2.5m (excluding adjustments for current equity raise). Won't see massive FCF benefit this quarter due to Varde loans (Tranche 1 & 2) still on foot. One tranche eliminated with capital raise which dramatically assists current liquidity position, but not FCF generation.


IF prices continue above US$1.10 and AUDUSD stays bounded in 70-72c then will see share price move north in new year as equity position in company grows...