ILU's March Quarter production and revenue report is due in a few weeks. Last year's released 20 April.
Production looks solid, with JA restarted in December and stockpile run-down going well. Sierra production at capacity too.
Its Zircon Reference Price of US$1,230 per tonne applied through to 31 March 2018. In its full year results it announced a Reference Price increase to US$1,410/t from Q2 2018 for the next six months.
The very good cashflows look set to grow further. No wonder the share price is healthy.
A happy shareholder.
Ash
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