Silentpartnr, your maths suggest that IF Admiralty sells a +45Kt shipmenbt they'll gross $9M and pay off $8.8M leaving them with a hefty $200K to pay PT et al's salaries over the quarter.
FAIL
Also, note in the annual report they sold a mere 224,000 tonnes of iron ore in the 12 months to June 2008. That is 5% of their targeted 4Mtpa rate they published.
So should we expect 5% of their 6,000t lithium carbonate production for calendar year 2009? It would seem too much by far for them to do.
Ye gods people, you can't run a $450M business on $200K per quarter of revenue.
big dump tomorrow, page-43
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