X64 0.00% 57.0¢ ten sixty four limited

re: Ann: Mineral Reserve & Resource Update Au... How are you...

  1. 663 Posts.
    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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