This is by no means any formal method of calculating revenue and...

This is by no means any formal method of calculating revenue and profit. but might as well put it up

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
0	TPA	240000
1	Cost	600	* slightly higher than our peer
2	Royalty	3.0%	*can come down to 1.5%
3	Tax Rate	30.0%	* MNS fixed TR
4
5
6	CanAccord
7	Flake	Super Jumbo	Jumbo	Large	Medium	Fine	Amorphous
8	Price	2000	2000	1500	1000	750	550
9	Distribution	0.1	0.3	0.25	0.15	0.1	0.1	100%
10	Basket Price	200	600	375	150	75	55	$    1,455
11	TPA	24,000	72,000	60,000	36,000	24,000	24,000	240,000
12	Revenue	48,000,000	144,000,000	90,000,000	36,000,000	18,000,000	13,200,000	$  349,200,000.0
13	Costs	14,400,000	43,200,000	36,000,000	21,600,000	14,400,000	14,400,000	$  144,000,000.0
14	Other Expenses
15	Tax	14,400,000.0	43,200,000.0	27,000,000.0	10,800,000.0	5,400,000.0	3,960,000.0	$  104,760,000.0
16	Royalty	1,440,000.0	4,320,000.0	2,700,000.0	1,080,000.0	540,000.0	396,000.0	$ 10,476,000.0
17	Profit	17,760,000	53,280,000	24,300,000	2,520,000	-    2,340,000	- 5,556,000	$ 89,964,000.0
18
19
20	MNS BFS Basket prices
21	Flake	Super Jumbo	Jumbo	Large	Medium	Fine	Amorphous
22	Price	4000	2500	2125	1000	750	300
23	Distribution	0.09	0.32	0.32	0.09	0.09	0.09	100%
24	Basket Price	360	800	680	90	67.5	27	$    2,025
25	TPA	21,600	76,800	76,800	21,600	21,600	21,600	240000
26	Revenue	86,400,000	192,000,000	163,200,000	21,600,000	16,200,000	6,480,000	$  485,880,000.0
27	Costs	12,960,000	46,080,000	46,080,000	12,960,000	12,960,000	12,960,000	$  144,000,000.0
28	Other Expenses
29	Tax	25,920,000.0	57,600,000.0	48,960,000.0	6,480,000.0	4,860,000.0	1,944,000.0	$  145,764,000.0
30	Royalty	2,592,000.0	5,760,000.0	4,896,000.0	648,000.0	486,000.0	194,400.0	$ 14,576,400.0
31	Profit	44,928,000	82,560,000	63,264,000	1,512,000	-    2,106,000	- 8,618,400	$  181,539,600.0
32
33	MNS PFS Basket prices
34	Flake	Super Jumbo	Jumbo	Large	Medium	Fine	Amorphous
35	Price	6000	3000	1400	900	500	300
36	Distribution	0.09	0.32	0.32	0.09	0.09	0.09	100%
37	Basket Price	540	960	448	81	45	27	$    2,101
38	TPA	21,600	76,800	76,800	21,600	21,600	21,600	240000
39	Revenue	129,600,000	230,400,000	107,520,000	19,440,000	10,800,000	6,480,000	$  504,240,000.0
40	Costs	12,960,000	46,080,000	46,080,000	12,960,000	12,960,000	12,960,000	$  144,000,000.0
41	Other Expenses
42	Tax	38,880,000.0	69,120,000.0	32,256,000.0	5,832,000.0	3,240,000.0	1,944,000.0	$  151,272,000.0
43	Royalty	3,888,000.0	6,912,000.0	3,225,600.0	583,200.0	324,000.0	194,400.0	$ 15,127,200.0
44	Profit	73,872,000	108,288,000	25,958,400	64,800	-    5,724,000	- 8,618,400	$  193,840,800.0
45
46	VRC PFS
47	Flake	Super Jumbo	Jumbo	Large	Medium	Fine	Amorphous
48	Price	2750	2100	1700	1200	750	300
49	Distribution	0.2	0.3	0.26	0.12	0.05	0.07	100%
50	Basket Price	550	630	442	144	37.5	21	$    1,825
51	TPA	48,000	72,000	62,400	28,800	12,000	16,800	240000
52	Revenue	132,000,000	151,200,000	106,080,000	34,560,000	9,000,000	5,040,000	$  437,880,000.0
53	Costs	28,800,000	43,200,000	37,440,000	17,280,000	7,200,000	10,080,000	$  144,000,000.0
54	Other Expenses
55	Tax	39,600,000.0	45,360,000.0	31,824,000.0	10,368,000.0	2,700,000.0	1,512,000.0	$  131,364,000.0
56	Royalty	3,960,000.0	4,536,000.0	3,182,400.0	1,036,800.0	270,000.0	151,200.0	$ 13,136,400.0
57	Profit	59,640,000	58,104,000	33,633,600	5,875,200	-    1,170,000	- 6,703,200	$  149,379,600.0