just highlights that based on what are very conservative iron ore prices the value that lies here. Plug in prices a little bit closer to spot and it could get very exciting.
that said, we do need to start seeing more bulk carriers on the way. As mentioned previously we need to be doing 5 ships a month - I am keenly watching the expected arrivals to Koolan. IMO this is now the key to unlocking value
Ann: Quarterly Activities Report, page-103
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