GRR 1.20% 42.0¢ grange resources limited.

I had a closer look at the cash reconciliation and it really is...

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    I had a closer look at the cash reconciliation and it really is slightly lower sales revenue of $3.6mil, increased mining and production costs of $4.8mil as a couple of the major culprits in the lower cash of $22mil to my prediction.
    Skinny margin this quarter when you look at the unit price received of A$166.03 compared with the unit cash operating cost of A$161.70 - higher sales needed to bring this back to traditional margins but I still think their planning of financing a good portion of the NP underground development with surplus operating revenue over the next six years could be fatally floored especially if unit prices head lower.
    https://hotcopper.com.au/data/attachments/6127/6127416-9e5cf00b1b305f653f296e48c6549395.jpg


 
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