ELE 0.00% 0.5¢ elmore ltd

AGM today, page-6

  1. 555 Posts.
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    Yes, and although I didn't take notes my recollection of the answers is as follows (although all the details would be in previous announcements for verification):
    - Wet plant is on track for commissioning in Q2 2016;
    - Once at nameplate capacity it will be producing 200ktpa of beneficiated product;
    - The dry plant will continue to produce lump product (I'm assuming it does some fines and some lump);
    - Indians are paying a premium for the lump, as per recent announcements;
    - The Indian domestic iron ore price is holding up pretty well compared to the international seaborne benchmark prices, so NSL's projected profit margins are still strong.
    - Mrs Freeman bought the tim tams this morning.
 
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