traydor,thats the latest estimate from the Lodge partners...

traydor,
thats the latest estimate from the Lodge partners report.
Thats 32cps NPAT, so yes about $45M npat... for 2015.
That assumes about $600/t margin..below the company's guess of $700.
An older CCZ report used a more conservative guess of low $400's margin and rising costs for later years and before the FeSi buy and came up with 15cps npat for 2015.
These numbers are not EBITDA, gross margins blah..blah blah that brokers use, they are net profit after tax..