Rhodium has increased from ~6800/oz at the end of last qtr to...

Rhodium has increased from ~6800/oz at the end of last qtr to ~US9000/oz currently. AQP being one of the only producers on the asx of rhodium will benefit from recent price increases and renewed investment exposure.

From previous dec07 AQP production report:

Kroondal
5410oz
Marikana
1793oz
Everest
4877oz
Mimosa
1782oz
CTRP
217oz

Total attributable
14079 oz of Rhodium

December 07 quarter average Rhodium price ~US6600/oz
March 08 quarter average Rhodium price ~US8000/oz????

Although AQP does not receive spot price for Rh sold they will receive the average increase % over last qtr assuming similar production and smelting charges. Very nice contribution from the “by product” straight to the bottom line.

DYOR