they’re not, rate is increasing, and the stockpile they had was only 220 at most going into June.
the haulage is running at least at 35 m t at the moment. Rate has nothing to do with storage as they only have a bit over 2 days of storage going into June, the storage was created by an abnormal weather event late may, high wind, nothing planned.
if they were trying for big June then rate would have been very high start of June and going down as the storage decreased, but it’s going the opposite way!
they want the stuff out as quickly as possible, to maximise cash in, so it makes no sense for them to sit on storage and gradually wind it down over June to pretend haulage rate is higher.
MIN Price at posting:
$23.90 Sentiment: Buy Disclosure: Held
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