From the most recent quarterly report. "Mount Gibson continues to target FY24 sales of 3.8-4.2 Mwmt of high grade iron ore from Koolan Island at an average site cash operating cost of $65-70/wmt sold FOB before royalties and capital projects. Based on Koolan Island’s forecast mining and shipping profile, the business is in a strong position to achieve its FY24 targets and to generate substantial cashflows in future years"
From the H1 Financials "The Company and its shareholders have benefitted from the substantial overburden stripping and processing facility investments made at Koolan Island over the last few years, such that the operation is performing well at a time of attractive iron ore prices, with the Company positioned for further cashflow generation."
Note the change in language within a month of these reports being released. To me this is important.
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