re: unprofitable question-maybe not
The resource is quite big enough -as big as Portmans reserve category and it was taken over for about $600million - the freight rates should be about $30 tonne - not as quoted - Portman operate on about 5.5c one way -don't double the figure. Was the haulage cost set out in the prospectus -too busy to look ? And depends on the roads !!
And Telstra took up the placement and wanted more stock -and apparently are a shareholder !!
Maybe think again my friend.
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