"Mt Cattlin is not performing as hoped"
US$288 cash margin x 39,000dmt = US$11.2m (dec18 quarter)
US$11.2m = AU$15.8m
AU$15.8m x 4 = AU$63m pa
$63m pa! and this is at the bottom of the pricing cycle AND poor grade AND low recoveries.
But hey you dont really care about the truth do you now...
Reason cash dropped was becasue one off items relating to tax, paper transfers and CAPEX (which is as good as retained earnings!)
DYOR
"Mt Cattlin is not performing as hoped"US$288 cash margin x...
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