re: Ann: Quarterly Activities and Cash Flow R... David?catch up...

re: Ann: Quarterly Activities and Cash Flow R... David?
catch up on ALL the posts to date and read ALL the reports/announcements from the company.Start from when they were helped by Noble atleast.
Production expectations would have been 150k ton higher,given the increase in plant onsite and historical production a year ago.
your right about the potential?Maybe?
However,this stock is priced on the basis of it being near end of life pits.I.e. 3yrs or so to go,with declining economics as they do.NEW PITS AND RESOURCES HAVE NEW COSTINGS/costs to get productive.
on that basis,you want not only your company debt paid back,but ALSO your capital over that time.
given nearly all other iron exporters have had record production in this last quarter,that leaves questions that need real answers,given the increase in plant.
$80/ton costs isn't great when you've sold ore at $90/ton in the last year.
If you can't capitalise on current prices(soley there because of INDIAS EXPORT RESTRICTIONS-15% of chinas supply gone)while it lasts and that could change as quick as it occcured,then TTY could be in the proverbial.
$10 a ton sounds ok even,until the exchange rate goes against you by 10% and puts your cost to sales up as it just has.

DYOR-the more the better