Guys sorry I haven’t been on the thread so haven’t been able to respond. There is nothing wrong with the reserve numbers. ASX have simply asked for some more info which IMA were planning to provide with production guidance in Jan, but those numbers have been included , and now waiting ASX approval and release tomorrow morning ( fingers crossed )
IMA continues to move ahead on all fronts, and hopefully tomorrow all will be able to see the cash flow potential of Atlas which should deliver enough cash to fund Bididimina with no debt by my calcs. Biddimina is likely to deliver Boonanaring revenue and returns over the very long term.
I am expecting a cash increase of circa 18 m AUD this quarter - 3 ships have sailed - circa 45k tonnes sold is my guess at say a 420 -440 margin given shipping costs are well off . Production should be similar I am guessing retaining inventory to be mostly sold in mine transition phase
IMA Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
