Indeed - we have seen 12 ships arrive now between 31st May and today (48 days) - one every 4 days and a real pattern has developed.
This is a very good sign that they the whole operation running very smoothly now - from ore extraction through the crushing circuit and onto ship loading.
92 days for September quarter - so suggests that 23 ships is a quite realistic target. This would equate to approx. 1.7mt for the quarter if achieved and, at current prices, an EBITDA of something in the vicinity of $170m+ for the quarter!
By the time the Board considers the FY23 audited accounts, they will have a very clear view of Q3 performance and hence whether to declare a FY23 dividend. This is shaping up very nicely.
Ship tracking thread - only. Reading is optional, page-395
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