P20 provide more info on P Hill for the 6 months (remembering...

P20 provide more info on P Hill for the 6 months (remembering that it only started production on 1 May.

P Hill made $40.1m profit for the 6 months (2 months) with $20.8m depreciation.

So a $40m profit in 2 months = $240m profit for a full 12 months. But this is very conservative as ramp up was still occuring and in that time period, Copper proces have also increased.

This is a difficult 6 months for reporting as there are a heap of 1 offs and continueing and discontinuing operations and excessive bank charges etc etc etc

HT1