CST 7.23% 7.7¢ castile resources ltd

Sorry Jim I forgot your point about the positive currency...

  1. 2,105 Posts.
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    Sorry Jim I forgot your point about the positive currency aspect. The effect on the dollar margin (after all inclusive costs of sales) that comes back to Australia has obviously been of serious benefit to the company. Now A$ at around 64cents to US$ compared to a while back when it was in the 90+cent range means we are looking at approx a 30% improvement in profit received from sales now compared with then. This positive factor added to the exponential like cash flow graph we are already seeing will be reflected in an impressive half year profit result which was eluded to today. By financial year end the balance sheet will be looking very very impressive with reference to cash on hand.
 
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