that is the only problem the finacials are for GBG not for KML...

that is the only problem the finacials are for GBG not for KML so not sure what the cash flow coming in is.

but very rough figures we are looking at some good cash flows coming in.

We have shipped 674 MT of Magnetite compared to 283 last quarter so more than double at up to 65%FE so if we say average price of $120 AUD that is 80M for the quarter and say the 727 at 100AUD that makes about 150 AUD for the quarter. A couple of months ago someone mentioned that we are going through 40M a month so in theory back of the envelope calculations we would be close to break even.

and I think the cash flow will be higher higher because I dont think the IO stayed at 110 USD For very long and we have been hovering about the 92 -95 usd-aus exchange rate for some time.