A little perspective around the falling io price. If the price...

A little perspective around the falling io price. If the price drops to the point, when we are in our new deal with Pilbara, that we are only making say $25 a tonne, (given our premium for quality and lump this is unlikely) at current trucking rates that is still $50 million a year profit. There are many many companies, not just miners, who would love to be making 16 cents a share or thereabouts profit.
Worst case scenario, part way through next year the io price drops below our mandated $10 a tonne profit (again highly unlikely) and we are put on care and maintenance by then we would have $60 million plus in the bank or roughly 20 cents a share to return to shareholders. After the dividend the sp would drop to where it was before this bull run started, 6-8 cents. Many of us would use the dividend to buy more shares in readiness for the next bull run which will happen at some point.
All up, things aren’t that bad.