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Ann: Mt Cattlin update,GXY-GMM.AX, page-65

  1. 1,658 Posts.
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    Yes. We see it the same way.
    You understand the mine better than Mac bank does already.

    Its reasonable to expect higher numbers each month from now up to a point where they are consistently producing 240kt. How quickly that happens is a guess but this is the way it worked in the old days - old production reports were consistently higher each month.

    The $168m is a good estimate as to the kind of range of annual profit that the mine could be making soon from 2 x 120kt shipments per year by getting a good price and continually driving down opex.

    For those playing along at home - hold onto those good Mt Cattlin shares. Somebody else is going to sell that share at between double and triple this value one day inthe not-too-distant and that is for just Mt Cattlin....
    We have SdV and James Bay still to come.
 
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