Ann: First DSO Shipment for Pilgangoora, page-10

Another poster has previously suggested that Atlas might be getting around $100/tonne, which sounds reasonable to me. Atlas have costs (transport, crushing, loading etc) plus need a profit margin. On that basis we might be getting $40/tonne, which net of mining costs might deliver us profit of say, $20/tonne, or $30m profit over the 18 month life of the contract. Not a huge number for a company with a $1.5bn market cap, but the DSO contract allowed us to start mining activities earlier than we would otherwise, and every $$ counts, especially when we are in the commissioning / ramp up phase.

AIMO