zircon price market research, page-51

From the half yearly:
"Cost of sales (excluding depreciation and amortisation) of $288 per tonne for 1H 2021 compared to $228
per tonne for 1H 2020 with a key contributor being higher shipping costs."

From the quarterly:
" Total project operating costs have been elevated in 1H 2021 due to
substantially higher shipping costs than forecast, but YTD costs remain within guidance and CY2021 guidance of A$90-100m is
maintained."

Shipping and other costs of sales were $8.8 million in the last half, or 12% of sales revenue. We do not know what they forecast for shipping costs in the second half, but second half shipping costs could be double the first half if current shipping prices are maintained. With sales volume forecast to be similar in the second half as stocks are run down that could see shipping costs around $18 million.

Shipping costs presumably include the cost of getting the product to the port as well as the ship cost so it may not be that bad.