From a fundamental perspective, an independent valuation has...

From a fundamental perspective, an independent valuation has EBITDA forecast at 67.7 million in the current financial yr growing to 72.5 million in FY19

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
0	Financial Year	Unit	FY14A	FY15A	FY16A	FY17F	FY18F	FY19F
1	+ Operating revenues generated	AUDm	188.2	223.6	286.2	303.8	316.1	330.7
2	- Operating expenses incurred	AUDm	147.4	123.2	232	236	246.7	258.2
3	+ Operating EBITDA generated	AUDm	40.8	100.4	54.2	67.7	69.5	72.5