huge re-rating coming !, page-32

I/O price is currently around $145 per metric tonne and with Mt Dove coming online, the company expected to produce 8Mt from last month onwards, increasing production in June quarter and then pumping out 12Mt by Dec. A very nice production growth profile.

It is a shame the negative sentiment bites harder than the positive. As Legume has pointed out, the shareprice at the same I/O price is very wide apart. From what the producing companies are saying there is still alot of resilience in the I/O market and things aren't as gloomy as the shareprice tends to suggest. However, the shareprice is down. Why? Who'd know?

All I can say is 'go you good thing'

GLTA