Ann: Seventh Shipment of HMC Completed at Coburn Project, page-94

"STA basket price sold in 7th shipment is 33% above forecast for DFS so the numbers should still be relevant as is."... that is a little bit optimistic I'm afraid. Last shipment was probably skewed towards zircon-rutile due to extracting ilmenite through the MSP commissioning as released. Otherwise, with Coburn, Thunderbird then Balranald coming on-line next year into a China-global slowdown analysts are walking back their min sand prices assumptions. especially zircon.

Ilm and Rut should stay above DFS imo, zircon more at risk. Still, DFS pricing is lower than some other developers which provides confidence of hitting DFS margins so long as tech issues are sorted out.