General Discussion Topics, page-141225

Anyway... I've become very optimistic about the cost reduction at NAL and am really excited to see the results.. I have a feeling everyone is going to be very surprised.

Piedmont have stated they'll be receiving most of their allocation in the back half of this year, meaning that the JV won't be receiving much if any..

For this to be sustainable they must be pretty darn confident that the JV at worst, will be at breakeven on PLL's circa $810/t contract.

JB mentioned that 'they're where they need to be' and I can only take this as DFS level cost's which would mean some profit will be made on each cargo.

Also considering PLL haven't taken much volume this year, most shipments would have been JV shipments so hopefully we have realised a couple hundred dollars per tonne profit on these.