@miningnut .... you have proven track form so i don't think your...

@miningnut .... you have proven track form so i don't think your numbers will be wildly out. however, i do think you might be pleasantly surprised by the published cost of sales ... I think you may have overcooked this number (... o dear, i do hope I am right!). And just maybe fx gains on sizable cash balances might come home to roost...

anyway, looking at history, in 2011 , GRR announced an inaugural dividend of 2c / share unfranked from an NPAT of $58m .... really not that far from your numbers

http://www.grangeresources.com.au/c..._Results_and_Appendix_4D_-_31_August_2011.pdf

of course, didley squat since! however, we do live in hope.

I don't expect GRR will publish anything this side of 31 August, so a little wait to go

have a great day