Pellet Price, page-319

Thanks Miningnut, they should squeeze another 2 shipments in before quarters end. My estimate is that they will ship 796k tonne worth $102m of revenue for the quarter. Assuming last 2 shipments are 82k each.

The operations guys are to be congratulated. This is starting to really hum.

Estimated cash at the end of the quarter should be about $210m. 18.5 cents per share. Last quarter it increased by $47m to $167m.

Profit for the quarter should be over $40m.

Trumps threats wont impact the current demand for pellets. They are in short supply.

Not sure why people are selling this down. Might buy some more tomorrow and pocket the dividend.

Also the company really needs to do a buy back at up to the NTA of the shares, if they are serious about prudent capital management and lack of opportunities to invest in. Only problem with this strategy is it may cause the major shareholder issues with the FIRB or force a full takeover.

The properties they are looking to invest in are at are top end, exclusive. and very small if BOC previous builds are anything to go by.

DYOR