profit for this quarter, page-9

Islader,

I think the production for the quarter will be between 550,000 and 600,000 tonnes as the March quarter production is significantly lower to get the annual figure of 2 million tonnes.

I think your profit estimate is a little high as A$ is stronger than previous quarter and I understand that average spot prices for this quarter are (slightly)lower. They have also incurred some drilling expenses which will effect bottom line. My guess is around $12 - $15 million plus any capital repayment from Monarch. I hope you are correct but TTY quarterly profits always seem to be less than hoped.