2024 Production Progress, page-319

Happy to be proven wrong, trust me I only have eyes for MMI... Well maybe a couple of others but these guys are my sure thing!

What I will say though is everyone looks at the numbers and says they can do it but we rarely factor in the delays and breakdowns.
Every year we end up frustrated at the back end of December when we all know breakdowns and delays are inevitable.
My (not very scientific) number crunch above was only intended to show where we are compared to where we have come from, which is a great result.
I feel we are hitting good strides and believe we will be very profitable in the next couple of years.
But we need to see some significant upshift in loading which is slowed by a number of factors including the "Bottle necking" you are referring to.
If I was a betting man (which I am) I would factor for a minimum of 2 x days a month in down time as history & murphys law tells us in all facets of mining just as things start to go right they are bound to go wrong.
So if you take this assumption into account plus the numbers I mentioned earlier we are 5 boats behind schuedule at our current rate.
That's only 3 less than we have serviced the entire 2nd quarter.
My point is I don't dissagree with you saying they can do it but their current best achieved loading rates won't get them there.
In addition to that the numbers we are talking are the bottom of the guidance at 6.3Mt
The top of Guidance is 6.8Mt and we aim to achieve 7Mt for the year so if we were really looking to gain econnomies of scale we are a long way off the mark.

I will be more than happy to cheers to being wrong come December, the better we perform the better it is for me.