First quarter data, page-15

Moorookamick,

Depends on payment terms and what they consider revenue. I thought you could consider trade recievables as revenue as long as the payment terms dictated it was ship leaving payment + X days, rather than ship reception?

It is unlikely that is the case though, but I have seen it before.

Besides that, with the additional grade specified of Zircon. Zircon is worth over $1000/tonne so that would have an influence.

As you said, not a long term issue, but these guys have over-delivered in the past, so this would be another good notch in the trust belt.