Yes, that's right. It hit 795 HMC because of the uplift in commodity price.
But remember, iIt was 16c just a few weeks ago. when it was 16c no one factored in shipping costs to double. When it was 16c no one factored in a 63% drop in production.
And tThe move to Atlas will drop the HM % by half. It will then drop again by half with the two H satelite mines, and then HM drops again at the long life mine. So unless these new drill results can enhance the HM % and increase the mine life I'm unsure we're going to see much movement.
So I reiterate, if it wasn't for the Zircon and Ilmenite price uplift then this would be in the toilet.
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