so most of this extra product will be limonite going forward? so @20 a WMT? with $3 a WMT cost it looks good. ( i suspect that the price to produce this will need adjustment as it becomes the primary product.) The 8 mill WMT is like $160 mill USD in revenue and i guess they can move at least 2/3 of this stockpile over the coming year. This looks like they will bank some good profit and give the bank balance a good boost. We really need net profit to be at least 170m a QTR to provide enough funds to keep the growth pipeline going.
so most of this extra product will be limonite going forward? so...
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82.0¢ |
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| NIC (ASX) Chart |