re: Ann: Wilcherry Hill Project Feasibility U...
Wow just got the computer today and a lot to take in. On the discussion on FOB and freight I agree with Jayinaus that it is not clear. I have read the Ann today closely I can only assume that they have put that in so that beyond the first two years to show that these will be the costs, because directly prior to that in the ann it clearly states
"The ore is to be sold FoB through the contractual arrangements with the Singapore based marketing and trading company, OMS as previously announced."
So in my mind the transport costs from the port to China are irrelevant. I think this is a greta ann and although the market has reacted positively to it (up 7c as I write) its on very low vol. only 62000 traded. Its still flying under the radar
TYX Price at posting:
90.4¢ Sentiment: Buy Disclosure: Held
