iron ore offtake agreement signed

Great to see SHD signed an offtake agreement that will provide early cashflow to assist with mining starting later in the year.
You would think about $25 a tonne margin is profit on rough calculations making a $5,000,000 profit off a smaple....

With mining ramping up the costs will decrease, things are looking well for this small cap stock

Sherwin Iron Limited has entered into an agreement for the sale of 200,000t (bulk sample) of its DSO being extracted from its Roper River tenement. Sherwin Iron signed the agreement with one of the top three iron ore traders in China. All 200,000 tonnes is expected to be shipped within the next 4 months. This agreement will enable Sherwin to appropriately test all aspects of the proposed mining, crushing and transport of ore from Area C, prior to planned commencement of full production in November 2013, subject to regulatory approvals. The first delivery under the contract is expected to be in June, site preparations