My ruler says 3/12 or a quarter of $500 so $125mil(and they haven't taken into account $23mil dividend to be paid next month) - this will be the first litmus test for this study - that figure 3 also tells us it'll be 2031 before Grange has a bank balance approaching $300mil again.
All down to net prices received and UG operating costs and no blow-out in UG CapEx.
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