"Kipoi Debottlenecking: The debottlenecking capital works program was successfully completed. This expands Kipoi’s SXEW nameplate production capacity by 30% from 25,000 to 32,500 tonnes per annum of copper cathode."
So what they are telling us is IMO this:
Just the main work to expand the debottlenecking is complete but the expansion is still in progress and isn't on its nameplate so far!! So as a result we wouldn't see a 32.5kt for 2017!
And that's why I am expecting a ~28-30kt production with an aisc of 1.60-1.65 for 2017.. if there no more costs for the ponds and other issues (incidents!)!
TGS Price at posting:
4.2¢ Sentiment: None Disclosure: Held