ADY 10.0% 1.1¢ admiralty resources nl.

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    Diligent, if you are looking at the quarterly cash flow to confirm iron ore sales in $ you will not find it there. ADY own 60% of the iron ore business as a direct equity investment. The sales revenue will sit with the assets which are held by the chilean based company Minera Santa Barbara. ADY therefore will earn 60% of profits or losses which are made by that entity and will receive cash revenue in the form of any future dividends that maybe paid.

    Hope this helps.
 
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