wrote this to the company near 2 weeks ago, nothing but crickets
During in the 2016 annual report it was mentioned that to directly ship the slap heap ore from Zeehan it would only be economical at $2,300USD
Currently the spot price sits at above $3,000t USD.
A premium of $700 usd/t equals a 42million USD bonus to a price point that you mention already had a economical margin. And that doesn’t take into account any other input credits.
In that same report it mentions that you have had numerous approaches along these lines.
This asset has been on the books and hold for a long long time, and right now everything is right. Will this project be moved forward very soon? It seems a very straight forward.
Ann: Appendix 4E Preliminary Final Report, page-9
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