Hi guys,Here are some figures that I have worked out. It is only...

Hi guys,

Here are some figures that I have worked out. It is only based on two months of production and I have calculated it from the middle of the average margin prices so that it's more realistic.

*Vlak has average domestic margins of US$5-8/t

100,000 T/month x US$6.50 = US$650,000 Monthly gross revenue.

* Ferreira has average domestic margins of US$3-5/t

Average export margins of US$20-30/t

Export production = 37,500t/month x US$25 = US$937500 Monthly

Domestic production = 15000t/month x US$4.50 = US$67500 Monthly

Total gross earnings = EBITDA of US$1,655,000 x 64.1% = US$1060855

US$1060855 X 65% (Taking into account for 35% tax and royalties)

= US$689555 NPAT monthly.

US$689,555 x 2 months = US$1379110 NPAT for two months production. Obviously as the Richards Bay prices fluctuate then so will the revenue.

This is only just the start of some healthy long term profit and I wouldn't be expecting much more than this to start with.