Ann: Iron Ridge reaches steady-state production, page-89

And my assumption further to this is the extra up front costs with the mine start up and any extras on transport will be treated as a capital cost, so they won’t take a chunk out of March EBITDA. But they IMO will cut into cash flow now.
I do more than likely think we will be cash flow positive for March 4C, but am forecasting everything with a lean towards worst case scenario.
And unfortunately for the ST SP, I’m now leaning towards the 4C announcement being actually very good, but the market and short term traders not liking it, unless we’ve dug up and shipped some unicorns from the mine, in line with the treatment all other IO companies are getting ATM.
But going long, very happy to sit back, I’m extremely confident we’re all on a winner