Veronica: BOM said strong possibility of flooding in the coastal area from this one. Have not looked this morning at trajectory. It was a lot bigger last year. It disrupts trucking of concentrate for a while, but on the positive all but 40k close to Nifty to Hedland is on the blacktop. The ore is stored at the shed at Pt Hedland to keep the water content low and its probably beginning to be a shipload there now. The road trains are also covered to stop dust. That's about A$40 million worth when delivered at Hindalco 17 days sail away. The last load went just after new year, I think. The cyclone season last year was a doozy. Don't think another ship is quite due yet but I could be wrong. That my guess, but interested in other views.
MLX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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