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As the company said , it’s not lost production , simply pushed...

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20,413 Posts.

1996

28/10/21

18:23

Post #: 57155617
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Originally posted by CountClarke: ↑

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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As the company said , it’s not lost production , simply pushed forward to be extracted over next 3 quarters . If they produced on time they would have sold at 630 vs 880
the Zircon price did go up , so your calls of 16c as simply unrealistic.
i don’t understand why people focus on a 35 dollar aud cost increase where realised HMC price is now 370 aus higher than 2 quarters ago !

IMA Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Last 6.8¢		Change 0.000(0.00%)		Mkt cap ! $76.30M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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Price($)	Vol.	No.
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0.071	13305	1
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