The answer is not to our knowledge. However BMM Ispat have already added us as a supplier within their computer systems and recently visited the site during commissioning.
As the product is able to be added at a later stage of production and there is a high demand for high quality iron ore in the state, the company seem confident on achieving a price per tonne higher than the previously announced AUD$52.
Their anticipated operating expenses are $22 per tonne so there is a nice margin in it, especially if we can get $62 per tonne, which is still cheaper than alternatives.
All in all, most of us are confident that a purchase order will arrive soon, and since management have repeatedly stated we would have cashflow coming in this quarter, they must also be confident.
