We should also factor in around US$26mil to US$28mil(A$38mil to A$41mil)
in receivables at 31Dec with little in finished inventory of rutile, ilmenite & zircon as they had two late shipments in December. They would have drawn down on the rehab trust fund during the period to 31Dec22 to cover their ongoing rehab costs so I would expect to see it down to around US$40mil.
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