Very interesting spin from Mr Haslam again. A few questions beg answering: Q1. What does intersting drilling results at McCarthy Hill mean? - intersting as in: A. Great looking geology - we've found a mirror deposit requiring further drilling, but another 10Mt in the bag. B. Gee there's actually nothing there - what now?
Q2. What is driving the poor performance of the crushing contractor. Is it because: A. Lack of ore supply to the contractor reducing output. B. Using the same tried and failed wet processing techniques for the fourth wet season ina a row from a hastily replaced contractor.
Q3. Was the mining schedule and processing output actually behind before the Qld floods and weather became an issue? A. No B. Yes
Q4. Why has the lump grade slipped from 61% to 60% to 59%? Is it because: A. That's what China wants? B. Redrockgeo is clairvoyant?
Tally your answers: Mostly A's? Mostly B's? Maybe call them yourself?
TTY Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held