Ann: Quarterly Activities Report, page-3

Yep my thoughts exactly...finally we appear to be getting some decent premium for the Mag sold to Ansteel. According to the report, Karara received 7% premium (which is a bit more like it).

We are now pretty close to nameplate capacity - and each quarter they are reducing their ongoing costs and increasing the IO production, meaning that all their bottleneck issues must now be behind them.

> Costs reduced to US$52 per WMT for the quarter (compared to US$60 in Sept quarter).
> Mag sales increased to US$83.05 per WMT for the quarter (compared to US$59.93 in Sept quarter).

Mole, IMO your figures are pretty close to the mark.
Assuming the IO price continues to rise (and I'm tipping they will break the 100 barrier by end of March), Karara will be making some really good hard cold cash.