Q4 EBITDA30 Dec 2018 19:30
These are BBN's figures for Q4.... exchange rates have moved significantly in our favour since.
Forget the shorts and trolls this is what matters..... Cash is king.
#BMN state that "Vametco realised price is based on the prior month's average price."
Thus 11 weeks of 13 week Q4 period are complete with average price of $110,600 and an advised 700-750 mtv.
Q2 unit production costs ZAR 268 per kg and US/ZAR 12.6 = $21,270 per mtv, delivered all in cost of $32,500 per mtv at 713 mtv.
Q4 set at ZAR 255 and US/ZAR 14.1 = $18,100 per mtv delivering all in $29,300 per mtv at 725 mtv.
Vametco Q4 EBITDA = $59m. #BMN share £33.8m
By the end of next year our run rate will be 5000 mtv. and beyond, further increasing to 10000 mtv.