more ships, page-88

Before we accuse SDO of downramping maybe we could say there is also a balance with some upramping.

From GBG Feb 2013 announcement

• Commissioning and ramp-up to 8Mtpa Stage 1 capacity progressing with no material
issues encountered

• Karara’s infrastructure was ramped up within expectations

• MoorMaster system installed to limit downtime during adverse
weather

• The six month commissioning and ramp up plan is progressing in
line with expectations with no material issues encountered
• Nameplate capacity 8Mtpa scheduled for April, 2013

• Key risks being eliminated with each area commissioned
• Product quality matching expectations – premium concentrate to be
achieved with final area commissioned

Operating Cash Cost* Stage One 10Mtpa
A$/t
Stage Two 16Mtpa
A$/t
Total Operating Cash Cost 72-76 64-68