Completely disagree yet I hope I'm wrong.
I just can't see how we could be making money. The original forecast from memory at this juncture was + @2.70 Cu to payback the loans.
Throughput was shot last qtr and was running on mediocre capacity...I think we were going at 30 tonnes max per hour when 50 tonnes were forecast. The only thing we can hope for is that the new hydraulic equipment achieves the 50 tonnes as they claim it will. Add to that the low grade feed stock, then I think we could be looking at a complete shocker. And what about the AISC? And all this assumes that nothing else has gone wrong.
Everything is focused on the remedial solutions and that we can get back on track. In many ways that is all we need to know.
It's time for Sampson and company to show us if they have the goods to pull us through.
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
