re: Ann: Grange Resources Limited - Appendix ... 2013 Priorities
* Take advantage of improving IO prices
* Drive C1 cost lower
* Improve operating margin
* Maintain regular dividend
You can't ask for better priorities, with IO prices at current levels we should now be running with an operating margin between 2011 and 2012 ie AUD$60+/tonne
Just returned from 3 months travelling in Asia and the outlook looks very positive, I reckon a lot of analysts will have mud on their faces in the next 6 to 12 months.
Ann: Grange Resources Limited - Appendix 4E (31 D, page-5
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