Updated JORC resource Limonite and Saprolite to be released Dec 2007 (old news)
1000t bulk sample saprolite shipment to China 1.8% sold for US98/t
2 bulk shipping contracts FOB signed - 50000t at 1.2% Chinese buyer. Term 15Nov-15Dec-buyer advises chartering ships difficult. 50000t at 1.35% Australian buyer. Term 1Nov-28 Feb- earliest vessel arrival Jan 8
What do people think? Its a start i suppose but i was expecting more, lack of detail doesnt help either. Maybe longer term off-take agreements will push the sp higher. I still hold - for now.
