It is very good news.
A few points to consider:
1. Trading volume is normally very low during Xmas/New Year. Market is effectively on holiday. Let see what happens next week as the traders return from holiday
2. The WA govt recently reported a deficit due to falling royalty receipts. IMO its in the State's interest to have more producers on line.
3. Has the IO price already hit a low point?
4. Cost of production and delivery dropping due to falling oil (and therefore diesel prices).
We could start off 2015 off very nicely.
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