re: Ann: Mineral Reserve & Resource Update Au... How are you arriving at $385 for fy 13 it seems fanciful to me if all the events you've outlined are not a chance of repeating.
"During this current expansion they have had to absorb the multiple impacts of:
- a shaft fire which forced them to process low-grade slimes
- tilting leach tanks
- a severe typhoon which damaged their haul road and hindered UG operations.
- earthquake
- financial failure of the company providing consultancy to their new mill.
and perhaps more importantly:
- a large amount of development ore which, by definition, presents a lower head grade to their mill."
Each to there own and I think we all agree MML has scope at present sp for appreciation. I myself would like to see a few qtr's of tangible performance.
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