MMI 2.33% 4.4¢ metro mining limited

What killed further loading was crane breakdown of 5 days on the...

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    What killed further loading was crane breakdown of 5 days on the last full boat,heading into wet season and a week plus of just shitty weather coming when no loading could take place or repairs easily done over Xmas while your staff scratch important bits on extra time.
    All up 14 days is a past initial loading rate and now down to 12 the new norm with 10-11 the obvious target and achieved at times at the end of last year before December.
    The booked arrival dates dropping as loading improved,month on month to 10 days.

    5MT this year if the crane barge doesn't totally collapse I would imagine over 250-270 days or 28 boats with around 9 days loading target.
    A 10 month maximum season which is my guess the ultimate future plan takes that 11 days per boat.
    So plan for 9 know you can now do 10 and allow 11.
    The sister ship to the TS Skardon handles impressive larger daily tons from larger barges at above design ratings - all coal a bit lighter and bulkier I would imagine too.
    New record tons if you do a google search,find the picture and then link back to the article.
    So upside providing contractors can make the tugs, the barges and the loader handle the pressure.
    The site upgrades on processing adding 33% belt speed upgrade will mean it all comes down to barges tugs and the Crane loader operating as fast as they can.

    The last QTRLY will be interesting,above all margin per ton.

    DYOR + DYODD I believe there is a reason there has been few sellers after the Sept QTRLY and now a slight firming in anticipation of a reasonable QTRLY. I am looking ahead to two loaders doing a 8-9 MT run rate and boats turnaround at 5 days within 24 months.Pick your margin and demurrage savings.
 
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