Agree GP, its a great result, considering the situation they have found themselves in. Building a mine in the near term, globally, has become harder and more costly.
It is obviously, extremely early days for the plant, having only really run for 6 days, crushing circuit already at 70%, though still work to be done to refine it further. The ball is really humming, and has already been able to run at close to nameplate (I eventually expect it to go closer to 5.5mtpa for the oxide/fresh, due to all plants now being able to easily exceed nameplate).
In the end, it now comes down to how well they can execute the mine plan and keep the ROM fully stocked. Having 30+ days of feed available is great, and I am sure they won't lose focus, but, for me, its pretty much the main risk left for CMM (grade.... is not something I am worrying about).
Well done to holders, especially those that have been in since before the consolidation etc.
CMM Price at posting:
$1.89 Sentiment: Hold Disclosure: Held
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