GBG 0.00% 2.9¢ gindalbie metals ltd

3q'13 financial results, page-12

  1. sdo
    354 Posts.
    Hi kenso, 28kt/day is NOT sufficient to load a ship in half a day. Just over two days is required with ships requiring 60Kt to fill. So if delays to shipping result in the shed being filled, nameplate will be compromised 28kt/day thereon until space is freed up in the shed. If only 6 ships were sent in Sept'13 due to weather conditions, we are looking at much more than 30 days of inclement weather per year - 24 days in September alone! If we were operating at nameplate during Sept'13 and the shed was filled at the end of August, nameplate would have been compromised (30-(6*2))*28kt = 504kt. So in one month, the yearly nameplate target could be compromised by 5%! I believe that this is a major problem!! Worth putting to GBG. sdo
 
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