"When I look at gross earnings in the mining industry (across Australia) or gross earnings in WA, they don't seem to have corrected much yet."
That was a misleading statement. What I meant was that the gross earnings of employees in the mining industry (or in the state of WA generally) don't seem to have pulled back much. This is what I am suggesting probably correlates with a good amount of ARB's revenue.
Somewhat unique business, very uniqe management, page-39
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