STA +5%: more movement brewing for Strandline as they work towards first production at WA’s Coburn mineral sands project. They’ve signed a 10 year mine-to-ship logistics and port storage contract with Qube in line with their original forecasts. Prices across the mineral sands commodity deck have soared recently, and with first shipping now 12 months away, Strandline is in the box seat to take advantage with costs for each stage of the build coming in at or below expectations, which is important in an environment where cost inflation has clearly increased.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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