Ann: Customer Sales Base Expands - BMM PO, page-12

"The order is for the supply of 5,000 tonnes of premium filter cake grading 59-61% Fe, on commercial terms similar to the previous 63% Fe order from BMM Ispat. "

I'm assuming from this that grade is not the only consideration when determining the price. Does our product have other qualities that the mills are looking for and prepared to pay a higher price for? Purity, contaminants, reactivity? Is there anyone who knows more about steel-making than I do?

Or am I reading too much into this sentence. Similar is a very broad term I guess.

Nonetheless every sale reduces the cash burn and gets a little closer to cash flow positive!!