management told us that they would experience some down time at MC whilst the circuit upgrade where installed.
the grade recovery will improve from 50-55% to 70-75%
i see the no shipment in jan as great news, it means the upgrades are being delivered and on time.
IMO feb and March will see 2x shipments of 30kt for a total of 60kt in mar18 quarter. This will be a record and and put us on track for run rate of 240kt. Add the lower margins from higher recovery and we have a serious money making machine.
DYOR
GXY Price at posting:
$2.26 Sentiment: Buy Disclosure: Held
