accaeric,
on the cash front:
Total debt outstanding was $57.6M, comprising US$10M outstanding for the Henghou Facility and approximately US$40M for the Term Loan Facility with maturity scheduled for December 2016. The next scheduled repayments for both facilities are due in December 2014.
sales receipts of $12M not yet being received in relation to the quarter’s final shipment.
I suspect the net cash flow for Dec will be positive, as proportion of capital expenditure and redundancy will be offset by receivable from last quarter. and they should still make profit on mining as majority of the time, AU IO after fe discount was at low 70, and its average cost should be at the high end of 54-61, say 61, with FOB $7, so they probably still make $5 per ton over 1.7mwt
on iron valley
A$70-$110/t and production rates of 3-5 Mtpa for profit between $2mil and $24mil, most likely outcome is $75@5mil fe 58%, so near profit at this scenario should be $1mil per quarter.
so even at US$70, BCI is still making some $5mil cash after everything including capital expenditure, 20mil a year for cash back????
