bullish divergence, page-6

Hope your timing is spot on Manfuzu, because whe this dose go some time soon, you will have to scramble over buyers to get back in. Good luck to you too.
Production Update
Admiralty is currently in the process of ramping up production at its iron ore operations. Owing primarily to current global issues regarding delays in availability and delivery of mining equipment, production at the Santa Barbara mines has been significantly less than anticipated (100,000 tonnes per month) and is currently operating at between 900 and 1,200 tonnes per day.
Some US$2.5m of additional equipment is on order and is expected to be delivered between October 2007 and February 2008. This will ensure that when the Caleta Port becomes available after the temporary closure to iron ore shipments for the Christmas fruit season that significant stockpiles of iron ore will be available for immediate shipping.
At this stage, our best estimate for production during the year is one million tonnes from Santa Barbara. Santa Fe has informed us that they expect production of between 500,000 and one million tonnes subject to equipment deliveries and installation. Therefore, total iron ore sales are expected to be 1.5 million to 2.0 million tonnes in 2008.
For 2009, an aggressive expansion plan for 2008 is being considered to utilize the environmental permit of 3.9 million tonnes of annual production for Santa Barbara and 1.5 million tonnes of annual production for Santa Fe.