While I'm waiting in transit here at Dubai thought I'd crunch some numbers and very pleased with the results. We know that the previous shipment left Port Hedland on 24/05. Anticipating at this time the inventory of Ore on hand would have been close to zero. We also know from previous experience management would not commission a new shipment until sufficient Ore was on hand.
Days since last shipment: 29
I'll take the lower end of what was committed to being delivered next as per the announcement 25/05 being minimum watermark set out for new shipment: 35,000 tons
Thus estimated production since recent upgrade of radial stacker and scalping screen:
35,000 / 29 = 1,206 tons per day
If I use the current shipments capacity of 40,213 then production may be even higher but hey let's not get ahead of ourselves.
Importantly the calcs show that Operations are improving and quite possibly at a sustained rate. This most recent selling did not anticipate that a shipment would be commissioned as early as yesterday afternoon and for a vessel with dry capacity of more than 40,000 tons. Most importantly sustained Nameplate production may well be closer than anyone had anticipated
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