After today’s great quarterly report I thought I would highlight a few important stats. What is the value created this quarter 83.9 k prod 659 realised price AISC on production ( including Corp costs 264! ) fherefore 395 cash margin x 83.9 AUD 33.14 million of value for the quarter not all is obvious when looking at the quarterly. eg the 5 plus million spent on land increase asset value is not clear when you look quarterly ( but is adds to NTA) 15 m cash from product sold in April not obvious in Quarterly increase of inventory ( not shipped , worth circa 14m not obvious once again decrease in debt ( AUD increased from 62 used on this report to 65.6 so AUD debt would be 7% lower than disclosed in quarterly - approx 4 m less than the 53m disclosed current annualised production rate at top end of 330k guidance ( slightly above top end 332k ) this quarter will be a ripper cash wise with 4 shipments expected surely dividend will be announced for end of year as as they should 25 net cash in 3 months after 4 shipments should really be trading at 20c plus now
IMA Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
