RE:RE:RE:RE:RE:Contration's blast from the pastSorry have better things to do but try and save losers money, here is the high level of my model:
LME = $8.50
Less NDCC = ($4.50)
Less taxes and royalties = (1.20) note this is 30% of the margin between LME and NDCC
= 2.80
2.80* 66 million lbs (note I don't include feed from other sources as there is little cash flow form it)
= 185 million X 50% = 92.5 million = 111 million CAD
less interest 38.5m
less tech 12m
less corp 15m
less capex 58m
You are left with a whopping -12m, so even at these prices they aren't making cash flow (which is why they haven't been able to increase their cash position).