Ann: Marketing Update, page-3

Another update that doesn’t give much away.

On a positive, the comments around TI1s product gaining a reputation as a premium ore with European and Brazilian Steel Mills are welcome and hopefully that will provide a longer term benefit. Also the drop off in shipping costs is good if it can actually be realised in conjunction with reasonable IO sales prices.

However, again we got no production or sales guidance data released to market. At this rate we might be waiting to FY reporting before we see data.

At 3.3c TI1 still looks undervalued imo but the lack of data is concerning. They seem to have a knack of keeping us nervous.