Even at 1 shipment per month we have:
46,000 tonnes of iron ore per month = 552,000 tonnes per year
Current price is 160 USD / tonne = 220 AUD / tonne
Therefore VMS are looking at an income of 121 million AUD pa - minus expenses of course.
Which will increase "...the following months as it ramps up production from one to two shipments per month" to 242 million AUD pa...sound OK for company with a market cap of $120 million.
Ann: Venture Books First Shipment - Riley Iron Ore Mine, page-101
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