FY23 P&L prediction, page-28

from figure 3. the height of the bar for FY24 is 1/3rd of $500m... so ~$167m.
think of it this way, when we're waste stripping, operating cash gets sunk into capitalising mine properties, company profit then = amount cash sunk into mine properties minus the rate of depreciation of mine properties... that's how we get profitable years like 2023 but negative FCF.
when we're mining ore, the opposite is true, the equation unwinds... that's how we get profitable years like 2021 but with twice the FCF compared to company profit.