Why should he?He should focus on adhering to supply contract of...

Why should he?

He should focus on adhering to supply contract of 200,000 t p/a as first priority.

We only sold 159,000 t

Terms of agreement was -/+ 10% so the team failed and need to do better - luckily this is a five year contract so 2019 needs to be huge and prove we are a reliable supplier.

Grades are falling barely making 1%

Cash margins are falling - from december 18 report

"Mt Cattlin reported an average cash margin per dmt sold (including royalties and marketing fees) of US$288 for the quarterprimarily due to increased unit costs of production arising from higher mining volumes and lower production. Cost of productionin Q4 was in line with Q3 but the cash margin in Q3 had the benefit of lower cost of production in Q2 resulting in the higher cashmargin in Q3."

So cash margins have gone from 534 to 288 - no one wants to see such a deterioration in margins.

So 2019 is shaping up for an important year

- Sell no less than 180,000t p/a as per supply agreement and be a reliable supplier to the industry.
- Grades to be no less than 1.1%
- Cash margins to be no less than US$520 dmt

I am holding because my average price is $2.02.

Other than the great unwashed majority of people can see the woods from the trees.