All,I put MCO at AUD -260k per qtr based on their numbers. A sanity check on my calcs below would be appreciated. I know, assumptions are crucial when doing these sort of what-if's, feedback is welcome.*From trial mining report (June 10, 2008) LRIP: 50t/day Prod'n costs: AUD240/tonne Grade est: 12g/tonne*From 31 March cash flow report: Explor'n costs: AUD 573k per qtr Admin costs: AUD 164k per qtr*Assumed average gold price = AUD900*Cash flow/qtr = Sales - Expenses = AUD -260k*Sales = 90days*50t/day * 12g/tonne*AUD900/oz / 31.1g/oz = AUD 1.56M*Expenses = Prod'n costs + Explor'n costs + Admin costs = (90days * AUD 240/tonne * 50tonne/day) + AUD 573k + AUD 164k = AUD 1.08M + AUD 573k + AUD 164k = AUD 1.82M
DUR Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade