Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-66

Come on guys, there is nothing wrong with non-holders posting comments or even being outright negative a stock... that's their opinion, nobody knows thier holding history or reasons for posting, if it's even true, and it really doesn;t matter. If a thread can't consider the claims and merit of posts against facts and releases from the company etc then it's a pretty useless thread yeah.

@LittleArt says "The feasibility study was US$1609 fob at A$/US$ 75c exchange rate. The price received so far is US$702 (presumably fob) " which is not true. The DFS quoted forecast premium zircon prices and the correlating zircon concentrate prices KMS should receive with relevant discounts for a mixed con and processing costs etc. The DFS was forecasting premium zir @ US$1950/t would translate to non-mag zir con @ US$852/t., FOB.

Bruce explained the reasons for a lower zircon con price being ~US$50 for lower TiO2 content than expected, ~US$25 lower monazite price than at DFS, and the rest (~US$75) due to a larger discount for zirc con compared to premium zircon than expected. That drop is partly offset aginst a lower AUD:USD than expected, 65c vs 75c which is means todays US$702/t = A$1080/t FOB @ 65c, vs US$852/t = A$1136/t @ 75c AUD... only a net 5% drop in price vs DFS.