Hi Ben
The table on page 2. doesn't have come with any
explanation or even units so we can only guess what it
is about. Here is my guess.
It says Q2,2012 Spherichrome 2.8M, Zircon 1.58M and High
Iron 258K. I'm guessing these are $ amounts.
Receipts were 1.89M on the cashflow statement which could
be zircon (which we know sells) and Hi Iron. Those 2 add
up to 1.84M on the table.
This leaves the "2.8M Spherichrome" entry on the table.
If this is a dollar figure it would equate to roughly
$250/tonne for the 11,000 tonnes sent to China plus a
bit for other sales.
The Spherichrome was only being loaded for shipping on
20 June, so it is unlikely this cash would make it into
the quarterly.
Of course I'm only guessing about all this and may be
completely wrong. It's a bit hard when the put in a
table with no explanation or units.
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