another ship, another dollar?, page-7

I don't think they will maintain that pace in the short term. 1.3 Mt in a quarter would have reduced stockpiles significantly but there is 600,000 tonnes stockpiled as Wilto pointed out. Add to that the 500,000 tonnes mined the shipping rate will drop to 1.1 MT if they cleared all stockpiles (which is unlikely) plus whatever magnetite concentrate is produced. I think the ore shipped Q1 will drop off sightly before seeing a substantial increase Q2 and reaching full shipping rate/revenue Q3 when everything is fully operational (allowing for some issues/efficiency gains). If you read the reports and announcements this is all illustrated in there I am simply restating it.

Of course any delays in everything coming online.......

KM