any views on why the stock is being punished?, page-36

Hi Bossdog

From page 8 of the Operatioal Udate 8 Feb 2013:
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• Hematite DSO mining at Terapod North, Terapod South and Terapod West
• Current mining rate averaging 2Mtpa
• Approximately 400,000t stockpiled, awaiting transport

That stockpile must be worth at least $40M plus,depending on grade, and the Magnatite should be ramped up to 8mtpa by end of April. I don't think $70M to be paid in November will be any problem.

Cantankerous Jim