Hey Fellas
Was banished for 2 weeks for posting political comment in shares area. Fair enough! Now I can contribute to discussions about these shares.
Excellent news by TTY today!
Their cash costs are sitting around $65 per tonne, and they are selling their iron ore dirt for around $130 per tonne. Their production will continue to hover around 2Mt in the next FY which would mean a profit of:
2,000,000 x $65 Gross profit per tonne = $130,000,000. Their debt will be paid off soon and watch for announcements over coming months about JVs Farm Ins with the extra cash at bank!
These guys have 4 years to find another mine, Im sure with Australia's natural resource, they will do very well!
Watch for SP to crack 40c by October/November and $1 by Christmas late January 2011!
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