Added to laterite ore producers overheads as i mentioned in a previous post is the increased costs for sulphur. The Australian newspaper July 8 have quoted Goldman Sachs and J B Were each predicting Minara's full-year profit after tax to be $124 million ,down from $276 million reported the previous year. They will continue to pay $600 A tonne for sulphur from Vancover and $200 a tonne freight cost. Also they believe the sulphur bill for 2009 will be $324 million up from $50 million.
WSA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
