more ships, page-39

Hi kmcconkey, thanks for the perspective. Could you please comment on the following questions I have?

1. Is it Nameplate or Steady-state Nameplate that you are predicting will occur Oct/ Nov'13?
2. How long does a plant typically have to successfully operate at Nameplate before company management will declare Steady-state Nameplate?
3. If 6 of 11 ships sent in July were 65%Fe Magnetite, how many ships would you guess are Magnetite in August if 13 ships are sent? I'm thinking at least 8 ships as they ramp to 11 which is required to achieve nameplate.
4. Any view on when they will be ready to send the first ship load of 68%Fe Magnetite?

Thx., sdo