Running the numbers and assuming 6,000t per barge load, then I think they can hit their upper guidance target with 3 down days a month. That's at six laden barges a day. At five laden barges a day I calculate that they would be at their lower target guidance level.
For the start of July, it seems to me that they are hitting the levels they need to be. DYOR and E+OE, of course.
If they de-bottleneck more, as their cap raise targeted, then they will have more margin for disruptions and greater maximum loading rates and potential production going forward.
We'll see. We're in a similar situation.
MMI Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
(20min delay)