Here’s a thought @buddy134 and @Crude-trader, why don’t you guys...

Here’s a thought @buddy134 and @Crude-trader, why don’t you guys provide your own spreadsheet assessment, instead of just shooting holes in someone else’s work?

murr listed his assumptions, which were used as his basis. Not hard to reconstruct the spreadsheet yourself if you don’t agree with his thoughts.

Here is the admin costs for the past 3 quarters, which have been steadily trending down. Who knows if this trend will continue, but without any other info available, then keeping this steady is not bad for a rough OoM forecast…

	Column 1	Column 2	Column 3	Column 4
1	Quarter	3Q15​	4Q15​	1Q16​
2	$A'000	2,660 ​	1,739	1,002 ​

As for the Ivory Tower? Spoken like someone who has no clue how to manage a company, and most likely never will.