My estimate of cash generated for the quarter:
Net sales revenue $105.0mil
Less: Cash operating costs $48.5mil
Less: Govt royalties(3.8% revenue) $4.0mil
Resulting net cash generated $52.5mil (4.5c/share)
If production is 650kt for the quarter then C1 costs will be $75/t ($48.5mil divided by 650k).
Pellet Price, page-140
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