I think I can safely say that you'll be disappointed. If it started off at 3.5/6, declines over time, and the average of all production is 2.7, then the current production rate must be below the average... especially when considering that the first month or so of production was quite consistent. Say the first month was 3.5 average, second was 2.7, then the third would need to be 1.9 for the three month average to be 2.7. The only complicating factor would be down days ..i.e. whether they are dividing production by 90 days for a three month average, or dividing by days online. Until now production has been in the threes, so I am slightly concerned - albeit the company seems happy that production is consistent with modelling.
MEL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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