Ann: Results for Half Year Ended 30 June 2018, page-9

Hi grussellt
I like your approach. Alternative using the Income Statement from p7 and adjusting Net Profit for Pre-Strip and depreciation yields basically the same number
13.9 + 7.3 + 7.8 = $29 m
But are we on track to hit the forecasts set out in the notice of meeting 09/11/2017
https://www.asx.com.au/asxpdf/20171109/pdf/43p32xrxwskbc4.pdf
page 50 shows 2018 cash flow of $46m (after repayment of creditors and loan repayments of $39m), for estimated Total Free Cash flows of $82m in 2018.
We seem to be way off these estimates. We've seen about $15m of that in H1 2018. I don't think the analysis on p50 make provision for inventory buildup.