POS Broker Report ( Thanks to False9), page-11

Thank you false for sharing the report provided some comfort in what pos is doing. I took quite alot of positve away from the report and here is my 2c worth:

1Windarra will be generating income base on a revenue of 27.5m for 2015 and ebita at 4.1 milion and np at -1.7, looks like broker is confident windarra will start this financial year and accounting for 2.7 months in production.
2Cash cost for windarra is at 5.81 for 2015, then move to 5.99 group payable costs for 2016. The issue will be bs at 8.60, it may need to stay on care and maintenence for a little while longer.
3looks like we only need 17million in borrowing and paying an interest rate of 3.66%
4figues calculated based on nickel price usd 7.40 and exchange rates of .85 compare to 6.36usd today and .78. Any changes to ni price or usd will off set each other. View of rba is usd below 70c, potenital profit increase.
5 grade on the report is 1.7 for mt windarra, seem abit high compare to qter ly provided by pos at 1.56%, overstating the grade may impact the revenue.