Media Releases, page-800

Rodders what some of these disrupters don't get is that once the hedge is now in place is that basically all of FEX operating costs (for all tonnage produced) for next 12 months are covered. Hence, profit and cash flow is tied to the balance of tonnage per month above 50 000t that is SHIPPED and this is primarily lump based on recent lump/fines ratio. Yes shipping costs are up but have been for months and the lump is increasing in grade and the premiums are rising. Just in the last 24hrs 62.5% lump premium went from 0.14 to 0.19c /dmtu. Its probably higher for our 64.5%. That alone is $US12/t and rising. It got up to 0.7 just a few short months ago. This baby will be counterfeiting money by November.