Cash flow from operations / cashflow from investing is before...

Cash flow from operations / cashflow from investing is before any impact from financing. So it will likely be the same next Q - except the brought forward cash in the bank will be higher due to the equity raised

To rehabilitate the operation is likely to be in excess of $250m+. NCZ may have their own internal estimates, but it is the estimate of the QLD Gov. that is key. It should be noted that the QLD Gov has only every accepted back one ML post mining - and this was supposedly a mistake (I believe it was the Mary Kathleen ML). So it is not a case of saying the rehab is done and walking away - you will be in the hook for the ongoing costs until the end of time! The only sure way to escape the costs is to sell the site to another owner [and well done MMG for that exit - looking smarter by the day]

To date, there is a list of parties who have gained from this transaction - and it doesn't include the NCZ shareholders.