market day, page-12

Further to the KB interview, he described AGO as a "niche mid-tier producer"a couple of times, this seems to be a turnaround from "the pilbara's emerging powerhouse". He gave me the impression there was no rush to develop Horizon 2 or any imminent need for rail, maybe this is a new strategy. I would think this would be appreciated by the analyst's that matter and set the trend for the rest.
The best part of today's quarterly was that they were able to make up for time lost due to wet weather, this affects AGO more than any other, all ore is transported by road-trains on mostly gravel roads. Once you get even a bit of rain all stops not just because of traction problems but it destroys the road. In mining there are three things that are vital production, production, production.