Quarterly cash flow estimates, page-82

Current assets

193m. (Incl 143m cash)

Increased cash for the year 29m

• annual report as at 31 Dec

$37,063 per ton AUD received last quarter

1,357 tonnes last quarter as our share of production

Assuming the same costs we can make a rough calculation on the increased revenue and cash flow per quarter

Todays price US $32,900 is $50,536 AUD

$13,473 increase in revenue per ton sold

X 1357 ton

$18.2m AUD increased revenue

X4 quarters

$72.8m increase annually putting increase in cash balance around $100m p.a

With 143m in cash and possible 100m+ p.a increases our war chest of cash is set to rise rapidly

Let’s hope the tin price remains long and strong!

Good luck all patient holders - do your own maths and make your own decisions