TTI production issues and rail disruption at GCO have no impact...

TTI production issues and rail disruption at GCO have no impact on the dredge capacity and performance. The dredge is under performing by 20% - isn't that the real problem that needs fixing?
There is a large debt to service and this underperformance of ore being mined will be felt by shareholder, by the absence of dividends or reduced dividends.
If the mineral sands market had not improved this project may have been in major trouble. Management will continue to be well remunerated, but it is hard to see value here for long term shareholders. This project should be going gangbusters at current prices.