So they probably fell a little short for KI production, with two...

So they probably fell a little short for KI production, with two ships delayed until July. Still within annual guidance so no problems.

Well done to the board and m'ment.

A couple of key take outs for me -

* 2017/2018 = 3.6Mwmt shipped for total revenue of $192mil FOB, compared to
2018/2019 = 3.2Mwmt shipped for total revenue of $240mil FOB (with only 370wmt of high grade KI ore sold)

* "As volumes from Koolan Island continue to build, Mount Gibson is capitalising on buoyant iron ore priceswhich many commentators believe could continue for an extended period."

* "We look forward to a good start to the new financial year as Koolan Island’s production and cashflow builds, enabling the Company to create further returns for its shareholders.”

* The site (KI) is now on track to average 3-4 Panamax shipments per month, consistent with the initial period mine plan.

* At prevailing spot prices for high grade iron ore, and based on the average life-of-mine product grade of 65-66% Fe, each Panamax cargo has a gross value of approximately $9-10 million FOB.

* The Company’s cash and liquid investments totalled $385 million at 30 June 2019, compared with$394 million at 31 March 2019.

So with last years divie being at 3c, and KI production settling down, what chance a 4c or 4.5c divvie if the IO price stays at current levels up to results announcement date?

Its tough being a MGX holder currently isn't it......

Enjoy.