Ann: December 2022 Quarterly Activities Report, page-9

the way I am looking at this is that costs have landed in the 80-90M range for the last two quarters now - about 8 ships at current prices to break even. Is worth highlighting that these costs have also contributed to a pretty significant stockpile of 100M.

looks like the improvement in performance will be pushed out to the June quarter now, with the March quarter shipments looking similar to December. I would expect the cash position to stay around current levels or slightly improve as the positive pricing adjustments flow through in the current quarter . Expecting to see a big increase in stockpiles in the current half.

would be great to get some clarity on the insurance payouts - particularly what they are seeking on the business interruption. Processing costs have been significantly impacted, though it is not clear to me as to how much they could recoup.