Thanks for the update again, I've used it to update the below...

Thanks for the update again, I've used it to update the below which brings us over 300% profit increase since July 1 based off basket price alone, while the SP has not quite doubled based on our open at 53c this morning.

I agree with everything except the 'no material change part' - what is now a small proportional basket price change equates to $8mil USD in post tax profit, which at the start of the financial year would have been a 25% increase. It's only a 6.8% bump up in post-tax profit now but it's nice to keep that perspective!

Keep in mind the below doesn't consider any recent or anticipated factors/impacts other than basket price, such as:
- Shifts towards downstream refinement / processing using recently acquired technology
- Resource Upgrades etc

I'll be honest I'll be happy to see that gap in the chart start to close now that I can't justify weighting IXR any heavier in my portfolio