With production having restarted since the 23rd of December and averaging towards nameplate at 1,000 tonnes pd, they must be getting closer to finalising a shipment towards 50,000 tones. Importantly the Supramax freight index has dropped to its lowest levels in several months now at 1,840.We may well receive some more positive newsflow in the near term. Everyone should be expecting a somber December quarter however with two large shipments a real possibility in the current and freight charges now more than 50% lower than when the first ore was delivered, this gives the best chance of trending towards PFS
With production having restarted since the 23rd of December and...
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| E25 (ASX) Chart |