Thanks Idle, I had a slightly higher number than your 456k at around 470k, but you were closer last quarter, so I expect you to be on the money again with that. I did do an estimate on revenue based on prices 2 weeks after shipment (I'm guessing the last will be US$100, i get pricing from the Singapore exchange,
https://www.sgx.com/derivatives/products/iron-ore?cc=M65F), and it gives revenue before costs of ~AUD$70M. Given cost per tonne, ratio of ore to waste movement and ore shipped last quarter versus ore shipped this quarter and expected improvement in ore to waste ratio this quarter, I am guessing a cost of ~AUD$120/t shipped in the current quarter, most easily calculated by cost per tonne shipped last quarter multiplied by the amount shipped last quarter divided by the amount shipped this quarter ($77*720/460). On that basis we are looking at ~AUD$17M EBITDA for the quarter before taking into account abnormals arising from the fire. That could easily take us into cashflow negative territory as you state. Hopefully they have an insurance claim to put in for that, but who knows? I do expect however that they have continued to mine and that they are building up a stockpile, meaning lower costs per tonne once they start processing that.
(20min delay)