It seems that although they project nameplate of 17500 t pa, attaining this is difficult and v slow, even though we did improve production by 17% in the quarter (which has got to be a positive). I noticed that reports have stopped referring to this nameplate figure, although the same figure is used for their projected expansion. I feel that our credibility in the mkt needs to see us producing at 4375 t per quarter before we commence 'expansion'. We are still only apparently producing at 80.6% of nameplate. Do you think that the slated improvements to the purification circuit will be enough to 'get us over the line'?
ORE Price at posting:
$4.48 Sentiment: Buy Disclosure: Held
