Not ideal but not unusual rampup issues.
The LOM plan included lower grades for Greenfields in its initial year, presumably this reflects the temporary dilution issues. Also hope management have been having some serious conversations with Maca about the crushing circuit issues, sounds like it was not fit for purpose.
Short term I am expecting big improvements this quarter and next, provided Shandong stay the course.
In the medium term, if they can blend 250ktpa of high grade BV ore with 1Mtpa from the open pits, we will be just fine.
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Not ideal but not unusual rampup issues. The LOM plan included...
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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