Whadayaneed FRB? Can I suggest you take a closer look at yesterday's developments.
NO debt.
$35 million cash at bank.
Heading for nameplate capacity in the short term.
Falling AU$ to more-or-less offset change in iron ore price (my opinion - based on AU$ at 0.85 and IO prices of $100-110).
Remembering we are paid a significant premium to spot for our product.
Off-take agreement ensures all production is already bought.
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this could end badly, page-35
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