I wouldn't relate anything in the quarterly report to the SP movements too much. The news was good, but as expected I would think. The only negative wrinkle was the extra overburden removal, but that wasn't bad news with the strip ratio guidance remaining intact. Market may have hoped for some more talk of capital management.
I expect the Iron Ore supply, demand and price outlook moves the SP more than anything else, in the absence of a big div IMO.
Ann: Quarterly Production Report, page-12
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