SHD 0.00% 2.7¢ sherwin iron limited

Thanks PJF, exciting times ahead with cashflow due to hit our...

  1. 1,092 Posts.
    Thanks PJF, exciting times ahead with cashflow due to hit our coffers mid August from the first shipment of ore.
    With the AUD going lower each day and iron ore price heading up currently $123 USD a tonne things are looking on the up.

    This bulk sample should take us through to November mining commencement and then it's game on.

    From google a panamax size is generally 65,000 tonnes as per below.



    •Panamax: Represents the largest acceptable size to transit the Panama Canal, which can be applied to both freighters and tankers; lengths are restricted to a maximum of 275 meters, and widths to slightly more than 32 meter. The average size of such a ship is about 65,000 dwt. They mainly carry coal, grain and, to a lesser extent, minor bulks, including steel products, forest products and fertilizers.
 
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