1MC 2.94% 3.3¢ morella corporation limited

Ann: Operations Update - Record Month of Production, page-23

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    This post has to be a joke? This is the problem with quarterly reports. You are unhappy because they missed their target by 1 week..... How does it matter? They will hit 45,000-48,000t shipped in April, May, June and 1st week of July. That is nearly AU$20million in profits over 13 weeks (assuming they are getting US$600 for spod). That is equivalent to AU$80 million yearly profit without further improvements to the plant while having low prices.

    You say the recoveries is a bombshell... How? They are improving it. Thats what you want to hear so that you know what they are focusing on. You are also omitting that the plant has been able to produce at 20% above DFS throughput. Thats a big deal!
 
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