Theoretically they should only lose 4 days production from the 16koz forecast for the June quarter. Production for the quarter should therefore be 87/91 days x 16koz = 15,300oz
Anything less than this and they're not coming clean with shareholders. Let's see what the real damage is come the June quarterly
The alarming part of today's announcement is the bit about "it is unclear as to whether the tertiary crusher suffered some damage prior to the successful installation of the new product screens, causing the current mechanical failure"
I don't like the sound of this. Could well be a precursor to more problems
Staying well clear of this one, especially with the possibility of a cap raising (to fund potential acquistions) in the second half of the year
Cheers
IGR Price at posting:
38.7¢ Sentiment: Sell Disclosure: Not Held