shipping included in fob costs, page-23

jayinaussie stated,

"Stagman- seriously are you downramping to pick up more..."

Jay, I'm fully loaded via TRF hence my disclosure of not having a position in IFE.

"Shipping is included in FOB Total Cost."

This is obviously referring to the shipping costs from mine to port of loading not port of destination otherwise why quote forward sales as FoB?

"Basically Ian thought we were a bit silly..."

Good on Ian.

"My wording was VERY Direct---is the supposed $35 SHIPPING cost on top of FOB Costs- he laughs then saids- what gave you that idea."

That's because the buyer is paying these costs as far as I can see.

"Then we went over the WORST CASE senario... being 35Mil (80% to IFE) = 28Mil Yr 1 PROFIT IN FULL before TAX. Worst case- he stated he will be VERY disappointed if it is actually that LOW. He believes he was very conservative and worst case Yr 1 is very poor."

Can't argue with that!!

"Stagman- Call. He does not like to type out pages of email questions as I have asked him too. I have my notes scanned if you want a copy. jayiinoz at gmail com"

Maybe he should employ an Investor Relations Manager to do this for him. Let's hope that future announcements are a little clearer.

Stagman