I don’t think there only new information is that production for 2013 will be in the 90 to 100 Kt range, when previously OZL have indicated that it will be maintained in the 100 to 110Kt over the life of the mine. It is worth noting they have been operating the plant and mine above the original design capacity, so a pullback should not be overly criticised. Over the last few quarters the mined ore has been markedly below the process ore volumes, stockpiled ore has been drawn down. 2013 sounds like it will be a big year for material movement and cash flows will suffer. On a positive note, cash flows will increase markedly to the end of the mine life as the strip ratio is reduce. This should align with funding requirements for Big C.
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