re: Ann: Grange - Quarterly Report for 3 Mont...
the cash went into mining low quality ore and moving much more waste as a result of the mine wall collapse. They have another $11m due as a ship went of in early April instead of late March, so really cash dropped by $13m.
If they had the same ore grade and had moved less waste they would have made a packet.
Remember they would have had to move this dirt at a latter date anyway the wall failure just brought it forward. hopefully we will be back to higher grade lower stripping of waste soon and big profits again soon, I couldn't see when the is projected to get back to normal.
re: Ann: Grange - Quarterly Report for 3 Mont... the cash went...
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