which is going to be challenging, especially if cost of production includes lumpy items like new equipment or extra down time...
unless the company starts to be explicit about all the minutiae (unlikely) the picture will only become clear over several quarters of production and even then is likely a way off steady state. hence why quarterlies are so important for producing mines. All I hope for is a direction of travel which is clearly improving. All the communication from expected cash outflow to volume produced and shipped is consistent with steady, even rapid progress, hence my sentimebnt below.
i still think the SP will lag due to JRO, sector sentiment, trade war fears etc etc but great risk/reward surely.
AJM Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
