GBG 0.00% 2.9¢ gindalbie metals ltd

3q'13 financial results, page-27

  1. 912 Posts.
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    Didn't hear the rumour but it would make sense. They didn't ship all their ore last month because of weather. So now they don't need the extra MGx ore to meet their rail commitments until nameplate because they have spare ore at the mine. Also, I assume they can increase dso production with time as the stripping progresses and they go from like. 7:1 strip ratio to a 4:1 ratio... Note I'm guesstimating on the stripping and haven't seen the mine plan. There is also a slim possibility that shine will be using the spare capacity if it exists. This would be the best outcome in my mind.

    Doesn't really confirm any actual progress on the magnetite side even if the rumour is true.

    Dyor.
 
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