I have time to do it for the current quarter. This is the...

I have time to do it for the current quarter. This is the current state of play as far as I can ascertain - 5 more ships to go:

	Yangtze Xing Zhong	80,000
1	CSSC Tai Yuan	82,000
2	DL Dahlia	80,000
3	Theresa Jiangsu	80,000
4	Inception	80,000
5	MBA Liberty	80,000
6		482,000
7
8	Ship #7	80,000
9	Ship#8	80,000
10	Ship #9	80,000
11	Ship #10	80,000
12	Ship #11	80,000
13		882,000

As far as what it means from a P&L perspective, I have a little financial model I am running for MGX and have quickly done an estimate for the current quarter only should we hit these numbers. Note that this quarterly estimate is based on 65% ore at US$135/t, exchange rate of 0.73 and direct costs of AU$50/tonne. So I am probably light on the sales prices with both a lower than market ore price and a higher than market exchange rate, which would more than offset higher direct costs, as I am not confident on my estimate for these at the moment.

Overall, I think it could be a reasonable proxy to what MGX may achieve for the quarter and we should start to see a rebuild of cash when then next report. My investing and financing cashflow numbers for this final quarter are pure guesses and I would expect these to drop right off as we move into FY23, so the Net Cash from Ops number for the quarter, when extrapolated to a full year, starts to become very interesting!

	Mt Gibson (MGX)
1	Revenue	163,110
2	Other Income	2,000
3	Total Income	165,110
4
5	Operating Expenses	-40,000
6	Depreciation - Right of use assets	-2,250
7	FX	0
8	Admin and Other Expenses	-3,750
9	EBITDA	119,110
10	Margins	69.9%
11	Depreciation & Amort	-28,250
12	EBIT	90,860
13	Interest	-250
14	NPBT	90,610
15	Tax	-27,183
16	NPAT	63,427
17
18	Net Cash from Operations	93,927
19	Investing cashflows	-40,000
20	Financing cashflows	-10,000
21	Free Cash Flow	43,927

GLTA & DYOR