3q'13 financial results, page-6

Good analysis. It shows that in the next month with the shed starting with 145Kt that KML can catch up by a bit more than 2 ships if operating an nameplate volumes. If weather conditions result in less than 14 ships being sent, then what is left in the shed is the potential catch up for the next month. Best case, a catch up of 4 ships can be achieved the following month so nameplate shipping volumes need to be close to 14 during the month otherwise catch up in the following month could be an issue. If the low volume (7) of ships in Sept'13 is due to weather, then nameplate production volume will be impacted (can only catch up 2 ships in the following month, not the 7 required)which contradicts GBG's comment that the Moormaster is not required to achieve nameplate volume. Simply put, if the shed is filled delaying trains, nameplate production volumes will be impacted!