Where to start???? What an absolute cracker of a Quarterly Report!!!!!
- Iron ore Shipments UP.
- Average price received per tonne UP (a massive 89% on Q1 FY19 ... to USD$85 a tonne)
- Costs DOWN.
- Eliwana and Iron Bridge both on schedule and on budget.
And I particularly loved this comment from Elizabeth Gaines:
"The combination of operational performance and realised price has generated exceptional operating cashflows and lowered net debt to US$0.5 billion at 30 September 2019. This has provided the capacity to further strengthen the balance sheet through debt reduction and refinancing of the Term Loan on improved terms."
This result is nothing short of brilliant. Will ensure that we are looking at least at AUD$1.00 dividend for the full year ahead.
Ann: Quarterly Production Report, page-5
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