I am struggling to understand the discount to the Platts price. I understand the Fe content was below specification and deserves a discount, US$18 of freight per tonne, some insurance costs, but just how bad were the impurities and is this something we need to be mindful off i.e the geology of the ore has higher impurities?
We should start to see strong cash generation coming from the December qtr.
I agree with Reddwarf, why didnt they get started on the siding sooner? Puzzling.
Ann: Quarterly Activities Report, page-7
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