How do you IOR (ex NSL) cheerleaders think that there is anything positive here?
A record 20,000 tonnes sold in a Qtr, what a joke, it should be 20,000 tonnes per week minimum. Then ramp up to 20,000 tonnes/day.
What premium? They sold the ore for AUD$46/tonne. It costs them more to dig it out than the price IOR sells it for.
At this rate a capital raise will be needed again to pay the snouts at the trough.
Ann: Quarterly Activities & Cashflow Report, page-6
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