SDO, You really know how to dig. Yes I see it but can't explain, but will keep my mind open.
Not ready to jump into bed with RDD yet.
Quote from RDD
” The cake that we are not reporting is upwards of 74%, so we can filter through to reduce and increase bulk to create more of a tonnage for a pa guidance, but we have to verify the % as everytime we tell somebody, nobody believes us, so we just keep on keeping on.”
If I am to believe RDD, GBG’s problem is no longer reaching nameplate of 68.5% Fe. Our problem, if I understand him, is diluting down our 74% Fe product to achieve our per annum tonnage guidance of 8Mt of magnetite per year.
This is where I throw my science out the window and start using my intuition. If we are really having this ‘problem’ wouldn’t the company want to be shouting it from the roof tops.
Trust your intuition guys, if it sounds wrong it probably is.
GBG Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
