. Comparing shipping info in announcement to quarterly atm. 50% of shipments are magnetite. They are shipping magnetite at 4mtpa (and 4mtpa of DSO) with quantity and quality to improve from now forward. Given these numbers, someone should ask Michael Weir why they don't expect to be cash flow positive. 8mtpa with 50/50 mix is cashflow positive IF production costs are as stated in all previous announcements.
They are getting an average of $130- per ton assuming dso is half decent so for them to not be cashflow positive is concerning (costs over $130 per ton ????). Hopefully I'm retarded and doing my maths terribly wrong.
Maybe it is because costs are same for 10mtpa as 8mtpa but that would still be a cost of $110ish per ton.... ?????
ann out!, page-12
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)