Yes there appears to be operational start up issues. Still mining low grade material but addressing ongoing production grades. January power outage was flagged.
Coolgardie is not all low grade so definitely not ready to throw the baby out with the bath water. The high gold price helps to an extent otherwise the cashflow could be worse.
Need the higher grades to kick and the mill operating well and who knows where the gold price will be in the next few years.
At least the company has financial backing and time to take appropriate action. Can understand why the company can't flag future earnings at this time needs a bit more fine tuning.
Overall still optimistic.
Ann: Annual Report to Shareholders, page-57
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