End of the quarter coming and will be interesting to see TTY's...

End of the quarter coming and will be interesting to see TTY's debt reduction. China still on track. And I am still on board.

If these 2 reports add up and TTY are making $50 a ton profit assuming iron ore still $110a ton, on a production rate of 2,000,000 ton a year, will we see 25 million profit for this quarter ????


http://www.stocknessmonster.com/news...E=ASX&N=496218

Territory Reports 30% Increase in Iron Ore Shipments
Shipments Exceed 2Mt for FY2010 Providing a Strong Platform for Growth

From a previous hotcopper member

This year, Territory is riding the crest of a wave. From a low point of just $47 per tonne in May 2009, prices have recovered to a heady average of $110 per tonne over the last quarter. Meanwhile, production costs have been slashed to just $58 per tonne,