WDR western desert resources limited

Ann: June Quarterly Activities and Cashflow Report, page-7

  1. 4,730 Posts.
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    Again this reads more like an earthmoving contractors report than a mining company report.

    Based on the quoted CFR price of AUD$104 per dmt and sales revenue of $39.296m then 377,846 dmt were sold. 464,396 wmt were shipped which implies a moisture content of ~20%, which is very expensive water.

    IMO ore quality and port stockpiles (which still look lean) will be the key drivers for WDR going forward - not tonnes shipped which continues to challenge the operating costs. They appear to be treading water at 3mtpa with 60% Fe and hedging protection.
 
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