PS, kcf, for your stock model, remember that most concentrates...

PS, kcf, for your stock model, remember that most concentrates are shipped wet. The 14,000 tns will be the wet weight (wmt), so if you assume 5% (???) moisture, it’s only 13,300 dmt.

I think STA themselves may have been a bit confused about dmt vs wmt. Up until December, they mostly just talked about “tonnes”, but more recently have started to use dmt. Possibly some references in the past were wmt, not dmt or vis-a-verse. Eg, the ASX announcement after the sixth shipment said exports had totalled “~57,000t” (wmt?), but the half yearly figure was reported as “55,001” (dmt?). This might imply a moisture content of 3.5%.