Ann: 4Q 2017 Operations Review, page-2

Should smash the $27m EBITDA earned in the first half.

Compared to the first half there has been a big lift in sales.

great set of numbers and still room for improvement.


Ilmenite sales volumes up 19%
Zircon sales volumes up 27%
TiO2 sales volumes up 72.5% ( includes some first half produced shipments)
HPPI sales volumes up 42.6 %


Costs of running the mine and the TiO2 plant wouldn’t have changed much and the prices per tonne are definitely moving up.

Maybe we will see Morgans Forecast 26cents profit this year and 40c next year