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.
GXY Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held