All GWR needs to do for now is focus on digging up the ore and...

All GWR needs to do for now is focus on digging up the ore and getting it on trucks, which they are doing and doing very well. All indicators are pointing towards their forecasts and sending off 7 ships this quarter. Hopefully they get 3 out this month to make the most of the higher prices last month.
In terms of the IO price, the activity looks very similar to a few months ago when the all time high was achieved, then retrace to US$180 a tonne. IMO we’ve hit a bottom of US$170-180 a tonne, and it will be above US$200 soon enough again.
The market still appears to be a bit spooked in this company, I assume the high C1 is the main reason, but all we need to do as investors is sit back and wait for the September 4C results, IMO it will be very good, and a rerate to 50-60c will occur.