These are the guys who called IO at 30 and Oil at 20 and gold at...

These are the guys who called IO at 30 and Oil at 20 and gold at 800 for 2016 . They are clowns

Guys - I had a conversation with the CFO which will be continued tomorrow as I am going to make sure I understand the GRR business fully . I am told the company will do more in Investor Comms and I mentioned I heard this 6 months ago for zero result. We discussed the need to discuss expectations of cash flow and costs going forward. One thing I did understand is the slippages caused by wet weather on the last quarter impact costs in the ways , one there is remedial work to stabilise walls and then there is less movement of ore which creates in affect a double whammy on costs .
Working backwards and assuming costs on the higher end ( 85 ) which is likely to come in Lower , I estimate that with current pellet price of 104 ( excluding today's increase ) the realised pellet price of 92 usd should be reflected in a AUD price of 124 and thus margins of 37 dollars or time . Thus cash flow even if cash costs remain at 85 should be over 20m. Even with the spend on mill parts , cash should increase by circa 6-8 m this quarter with the additional benefit of having funded more than half the total mill changer costs . This shores up the likelihood of another .5c dividend for the half year . So my conclusion is if costs remain in the mid 80s which apparently they won't , the current margins will see cash increase which is great given mill changeover costs

By this time tomorrow I should be able to understand the numbers and importantly the likely future numbers a whole lot better . In the end I want to be estimating the quarterly results a whole lot better