It takes between 15 and 20 days to get from Broome to the port...

It takes between 15 and 20 days to get from Broome to the port in China according to some online sources.

Payment under CIF terms is usually made once the shipment arrives at the destination port and is unloaded.

As I've mentioned previously the current share price appears to be decoupled from fundamental value, and is moving down not because project value has been eroded but rather because natural sellers are outweighing buyers. My view is that material buying is prohibited from entering the SFX market because of the poor liquidity, which means any institution that buys is forced to hold and can't exit the position if they need to.

I believe that this will change and smart money will enter regardless of the low liquidity, once it becomes clear that the project is capable of generating economic cashflows. This has already started to be demonstrated, however steady state production numbers are needed to provide complete confidence.

The problem for sellers will be that once the tide changes it will become more apparent what has been happening and the already low volumes of selling will dry up fast, meaning that reclaiming sold stock at these prices will be unrealistic.

All the best