Nice move and congrats!
The quarterly revenue could be $40M in Aussie dollars but not in $US. Confirmed shipments were at least 39k tons per quarter. There was one extra shipment at the end of June, which may or may not be added to the 39k tons. The sale price is probably $600/ton or a bit less (floor price is $550/ton). Therefore, quarterly revenue should be at least $23M or maybe close to $30M with the potential extra shipment. This would get us close to $30M to $40M Aussie. Expenses.are running at around $18.5M per quarter with $14M In costs and $4.5/quarter from the 15% interest loan ($10M payment every other quarter). Therefore, the net profit before taxes for the quarter should be somewhere between $5M to $12M, so maybe $4M to $9M after taxes. The numbers on the quarterly report may differ from these estimates due to creative accounting or some details I may have missed, but the main take is that we should be cash flow positive for the first time.
I think that the numbers will keep getting better. We should see 50k/quarter production this year or next and cost per ton should keep going down with higher recoveries and production increasing margins. I think that the next company announcements should cover another off-take agreement for Stage 1, specifics for Stage 2 and a way to reduce the high interest loan. I suspect that ShanShan should be involved in some of these. I am sure we will see more hurdles, but I think Altura keeps getting better and better and I plan to be here until at least 2025 or beyond.
Good luck to all 13 Alturians here!
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