quarterly out... includes phosphate progress , page-4

Like I have been saying in my previous posts ,the last quarter was never going to be indicative.For a start commissioning didnt start till August.MLX still has to pay miners digging the stuff out of the ground and development costs until full production is achieved .This is costly ,and was always known ,and flagged by the company .Some people dont understand the process involved in the commissioning new mines ,and unfortunately expect too much fronm the first couple of quarters .Development costs will now drop dramatically ,and income will begin ramping up .Full production is expected by november ,so the December quarter will be miuch better , but full quarter of income wont be seen until the March Quarter in my opinion . to expect $8,500 mining costs for a 2 month quarter of ramping up shows a complete lack of understanding . There will be a constant tweaking process happening to improve the process ,and it is too optimistic to expect perfection in the first "short" quarter in the ramp up period .Rentails was always going to be down the track and is much better delayed in my opinion.MLX need to get cash flow pouring in and this will give them more freedom .Even 12 months delay would give them $80-$100m more to play with .