MMI 2.17% 4.7¢ metro mining limited

Not based on anything from the company, but just from...

  1. 14 Posts.
    Not based on anything from the company, but just from observation of barge (and other vessel) movements, I think we will be about 3-4 days of production light in May. That's probably mainly due to the Wobbler being commissioned a bit later than expected. BTW, that 3-4 days light on production is from my own chart of what I think is necessary to hit 7MT for the full year. That chart shows a continuing ramp-up to full capacity in August. So, from my PoV, a reasonable April, a slow May, and a rate that is increasing at a sensible level as they get into a routine and try to reach the 30kT/day target.

    Every year to date, we have seen slow starts when coming back after the rainy season. On a 12 day rolling average basis, we're currently only running at last Sept rates, but still increasing at a decent rate. We should soon be matching last Oct's rates. In future years, when there isn't so much change over the rainy season, we'll have to ensure that we're up and running more quickly in April and May.
 
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