What is clear to me, and it will gradually become clear to the market, is this system has a lot greater capacity than 35 m t pa.
They are doing that rate at the moment with: - only 4 transhippers working full time, and Peak basically taking holidays 2/3 rds of the time. - 1/2 the haul road under repair with a speed restriction of 45 km per hour; - may be around 100 triple trucks operating, where they have a full complement of 140; - 2 more transhippers coming , first one in June next year.
I think over the next year or two we will see a quite simple expansion of Onslow to 50 to 60 m t pa.
Just so much upside!
MIN Price at posting:
$23.70 Sentiment: Buy Disclosure: Held
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