Ok, here's my update, just relying on a few other data sources too. Rosily is unloading as we speak, Coolibah has just set off to unload, so i'll count that one for today, which makes 5 for today, following 6 yesterday. And Peak is coming in to load as i write this note.
The pace over the last 4 days is now is 6,4, 6, 5 unloads = averaging 38 m t pa. And the pace since 6 June, which is 10 days now, is 35 m t pa.
These rates are quite amazing and exceeding all expectations.
In Min's original ramp up plan, they were suppose to reach 35 m tonnes by end of June, but have now been doing it since 6 June, with current run rate above that. See slide below from the November AGM that had them doing about 32 m t in June 2025 for the total month, and reaching 35 m t pa by the end of June 25. The last 4 days they've be doing 38 m t pa.
As far as i'm concerned the shorts and AFR can carry on with as much piss & wind and nonsense as they want; its game over for them.
No capital raising, and Mins will be exceeding 35 m t pa in FY 26 at Onslow, probably significantly, and de-gearing very rapidly.
The Onslow system as currently designed can easily do more than 35 m t pa, and with transhippers 6 and 7 from June 2026 will probably get to 45 m to 50 m t pa.
Everything over 40 m t pa, they get an extra $4 of margin per tonne form full haul rd royalties.
There is a lot to love about this situation.
MinRes Onslow estimated EBITDA per tonne Aus $ (mining + mining services)
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