Ann: Koolan Island High Grade Iron Ore Shipments to Accelerate, page-22

Hi runningbear

I agree with your guidance that this quarter will be better than last. I will go further and say it will be significantly better. Just the same I reckon Peter Kerr did well to get 8 ships away while limping along soley with a mobile crusher . . . a good effort.

We are 4 days into a 91 day quarter.
Guidance translates to 13 ships which equates to one ship every 7 days.

We currently have 2 ships sailing to Koolan . . . so looking good.

Counting ships equates to a live blow by blow commentary of the next quarterly report. No need to wait 3 months to see how we performed.

I appreciate those helping out providing a live update of how we are progressing.

All going well 13 ships should be a shoe in . . . its been done in the past . . . but this time Peter Kerr has enlisted the help of the mobile crusher to assist to operate along side the fixed crusher.

Last quarter the mobile crusher managed 8 ships on its own . . . and in the past the fixed plant has proven 13 ships on its own. So with their combined efforts, 13 ships is not a big ask . . . especially with $100 million stockpile of ore ready for processing.

I rarely speculate SP in my posts, but I am feeling quite confident, so will make an exception.

If we can see the ship counting equating to one ship per week then we should see a steady increase in the SP during this quarter. And if we get 13 ships I reckon we will be around 70 cents by the end of the quarter.

Topped up yesterday and again today.
I am looking forward to a 40% ROI in just 3 months. If we can keep to guidance then by Christmas SP should be around $1 which equates to 100% increase over 9 months.

This is not financial device. Do your own research.