Ann: Targeting Ore Reserve Upgrade at Boonanarring, page-4

This is great news with the 'core" high grade & the higher % of Zircon (the money maker)

No doubt we'll have a 4th shipment soon after the scheduled 3rd; otherwise we'll have

a huge stockpile between port & mine

It looks like March HMC will be close on that of January which means at least

30K stockpile at 31st Match post the 3rd shipment. The increased Zircon in the HMC

should take the price well over $600 AUD/Ton, IMO. ( Forecast average for 2019 $585 Aud/ton Approx with lower % Zircon))

All we need is that Mr Market wakes up and prices IMA accordingly.

IMO, that should be 25c+

MM