Ann: First Shipment on Track as Iron Ore Stockpile Builds, page-536

A,
You may well be right but so what? Who ever thought we were going to go from explorer to producer without some glitches, teething problems along the way. This won’t be the last of them but as we go forward we will get better and better. At slightly less quantity than we hoped for there is still a good profit to be made. Looking at similar costs in the area, Pilbara $11 a tonne, transport $70 a tonne, additional costs (rental of village, head office etc, this time I’m guessing say $10 a tonne.). So @ $90 per tonne to get it to port. Even after giving Pilbara their share leaves plenty for us particularly in relation to our market cap.