TI1 0.00% 1.4¢ tombador iron limited

They have 550kt in stockpileAPERAM has 2.5 mt capacity and have...

  1. 2,368 Posts.
    lightbulb Created with Sketch. 67
    They have 550kt in stockpile
    APERAM has 2.5 mt capacity and have 8.2 bn sales worldwide and a 7 billion balance sheet.

    The agreement will allow shipping flexible volume upto a total commitment of 165kt per month.
    Last month they produced about 150kt.
    So in essence with the stockpile and their monthly production they expect to continue to provide upto 165KT until 2024.

    I am pretty sure they will have an addendum to the contract later this year once they have a better cashflow and can increase their production capacity. This contract alone should be capable of taking all production of Tombador. This is my understanding.
    Last edited by neutralopinions: 09/06/23
 
watchlist Created with Sketch. Add TI1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.