A good report and an interesting turn around, increases in profitability not just through increased rutile prices, but also product and by-products and general costs.
Good to see the SP appreciation too. Is it sustainable?
This has a hint of egg-on-the-face of the Iluka MD and the makings of even more egg if SRX can keep this improved performance up. Be a very interesting watch, and should Sembehun capital be secured (impairment reversal a sign of confidence), a company to watch over the longer term. There would likely be many funding sources in order to keep this operation going.
With great risk comes great rewards for those with the guts to do so.
Good work - this will be an interesting watch.
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