GBG 0.00% 2.9¢ gindalbie metals ltd

3q'13 financial results, page-17

  1. hws
    613 Posts.
    Kenso
    I would like to agree with you, but you have it wrong - you say "we have 297 shipping days which gives us 297 x 60" - BUT we can only get 28k to the ship each day.
    Costs are based on 10mt not just 8m for nameplate..

    It is a very serious problem - johnmcgee is far closer to the mark than my scenarios and in fact his overall estimate of poss -400k is optimistic.

    It is not a particularly hard problem to fix - just needs a secondary stockpile close to town where trains can operate to at all times or fix the bloody moormaster.
 
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