MNE 5.26% 3.6¢ metallum limited

true, but they also say that 500t currently delivered and they...

  1. 748 Posts.
    lightbulb Created with Sketch. 68
    true, but they also say that 500t currently delivered and they expect to deliver 1000t by end of month. so that is about 25t a day for the rest of the month (or 175t a week).

    i think it shows that they definately need 2, and probably need all 3, sites in production to hit the 2000t per month 'break even' levels. clearly cash on hand will be an issue as they have indicated today that it will be around the end of the year before all 3 are in production.

    the quarterly will be interesting reading.
 
watchlist Created with Sketch. Add MNE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.