I like the $167p/t price, meaning Grange is making over $110 in operating profit on every tonne they sell (from memory cost is $45-50???). Provided ore prices stay up this year, we should expect profits to tripple this financial year.
By the time Southdown in the pre-construction phase they should have enough money to bank roll project easily.
10 mil tonnes of pallets is 4 times their current production. Should be interesting few years ahead of us.
preliminary final report year ending june 30, , page-2
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