Sharks Good entry - marginally better than mine which is 37.4c....

Sharks
Good entry - marginally better than mine which is 37.4c. I think the KI extension will see this rerate substantially as the incremental value increase of extending mine life is very large given capes already spent. Analysts are all about mine life and NPV and both of these will increase substantially . At least 40 margin ( greater at current spot) for 7 mts equals 280m additional cash flow

As to the posters question about franking credits , I am sure they will be used over the next few years as MGX cash flow will be such that paying a divi will be a must