Quarterly predictions, page-6

I do have a figure of $5mil for the MMG payment in the Sep20 quarter cashflow schedule but that was based on the EBITDA result for the FY. I have just read that the MMG payment starts to accrue only after Commercial Declaration is made, so if that were to happen tomorrow then there could be an EBITDA surplus of $38mil for the six months to Jun20 based on my current figures so the amount payable in the Sep20 quarter would be around $15mil - a lot of water to flow under the bridge before then. They are still proposing to replace MMG's bond with the Qld govt with their own bond and at a lower total amount for the bond.