Ann: June Quarter Activities Report and Appendix 5B, page-44

There is a number of hidden hints in this report.
But the one which means the most to me is the short amount of time between the 4805t record daily haul on the 27th and the new record of 5125t daily haul. On the 27th with the new record of 4800t for a day they said there were 12 more rigs to join the party, thats an extra 1250t per day. Add that to 4800 and you get 6050 whic works out to be over 9 ships a month. This Q am expecting 7 to 8 ships and Dec definately 9 with 4 of those on the 82.5% profit, and extra 4.25mill from FEL in the bank and the start of Minegate. 1st Q of next year will have at least 9 possibly 10 ships at 82.5% but at what Fe prices well thats anyones guess. 10 ships in 1st Q will be close to 550kt and thats if we still going thru Geralton or 1mt if we going thru Esperance, big IF's for Esperance but they are already applying for the road access to the highway which heads to Lenora.
new application submitted 20th Jul