assuming no more weather interruptions (still a risk), this...

assuming no more weather interruptions (still a risk), this could easily turn into be a cash cow over coming months. I hear they have additional magnetite stock pile over and above the next shipment which will continue to build and hopefully mean another shipment in relatively short order. If you do the sums, 3 trains a week will deliver 3,750 tonnes per week = 8 weeks for each 30k tonne shipment. Then expansion to 5 trains per week.....as bdell says - each shipment worth $6m+ at current prices, then it comes down to net margin

From memory payment terms mean they get a deposit in advance, and then the bulk of the payment upon loading. Once this shipment has successfully gone, creditors can be cleared and then it starts to turn inot a cashflow story with strong leverage to commodity prices and huge upside