10x multi bagger significant re-rating, page-29

Many of these plans have been covered through investor sessions as well as discussion at the last general meeting. Both wet-season stock-piling and the capacity to go to up to 3 shifts.

https://hotcopper.com.au/threads/cj-rrs-briefings.3395541/page-118?post_id=24423807

I was in the group at this discussion at the Rising Resource Stars conference in the post here (quoted section) so it's good to see further confirmation that other plant upgrades are being implemented.

https://hotcopper.com.au/threads/mus-oppies-musoa.3569898/page-30?post_id=26123001#.WagLo5Og-qA

My detailed numbers on a scenario of 600ct pa are here (and were posted above):

https://hotcopper.com.au/threads/mu...612726/page-158?post_id=26791143#.WagSOZOg-qA

I've marked-up the chart. I assumed an 83.6% clearance rate for the 600,000ct tendered.



I'm intending to ask in the morning whether they will proceed with a 200,000ct target for the April auction. I assumed 150,000 cts as a conservative figure due to the wet.

Note - scenario 1 was just used to calculate P/E. That scenario based on assumptions in the Independent Investment Research assumes 100% clearance rate (IIR's assumption), so be careful in using that as an indication of outcomes.