shipping rate increases, page-7

Almost all readers would know we are in commissioning stage.

The point is we are working and we appear to be working well.

If we ship out most of the DSO stockpile before the magnetite is available in sufficient quantities; so be it. That ought to generate somewhere around $200 million in round numbers.

At this rate the stock pile will be getting pretty low by the end of February assuming they are continuing to add to the 1.8 million tonnes stockpile described in the MD's presentation at the AGM.

Until then the JV seems to be able to generate revenues at around $20 million per week.