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
fo
r 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
(20min delay)