Q4 predictions v Actual:
1) Average sales price received: Actual US$112.61/$A156.45. Predicted US$119.50/$A166.90
2) Unit cash operating cost: Actual $A101.32/t. Predicted $A98/t.
3) Concentrate production: Actual 524.4kt. Predicted 650kt.
4) Cash at bank & Trade receivables: Actual $242.9mil. Predicted $242.5mil.
5) Pellet production: Actual 516.7kt. Predicted 640kt.
6) Pellets sold: Actual 465.8kt. Predicted 467kt.
7) Pellet stockpile: Actual 189kt. Predicted 311kt.
Concentrate production being down 125.6kt on prediction meant pellet production and stockpile were down by a similar amount. The mine does have the capacity to produce 650kt+ per quarter but just not this quarter so it seems.
At least the shipping data proved reliable and the pricing wasn't too bad given the wild fluctuations in price received from the beginning of the quarter to the end. At least the price has been steady in January at $US135/t(before freight) - I think them moving to this new index
will give us better pricing and is actually the index we are currently using to calculate prices.
Quarterly predictions, page-108
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