KCN 2.24% $1.37 kingsgate consolidated limited.

dan,wish I could share your optimism, but can I?(1) The problem...

  1. 75 Posts.
    dan,

    wish I could share your optimism, but can I?

    (1) The problem of the Dec quarter was not the plant 2 downtime. Of the 60d, only 10 fell into Q4. So Plant 2 in Q4 hat 50 more production days than in Q3 - but obviously without visible effect on the quarterly gold production. The likely reasons are the low ore grades and recoveries in Q4.
    So the question is, will THAT re-occur? Chances are, yes (I'd happily accept convincing counter-arguments).

    (2)maybe indeed, especially with a contractor whose contract is about to expire by mid-year. I don't think that will help to reduce equipment downtime and improve mining performance at Challenger.

    For the time being, I see the risk of 4 higher than the chance for 5.


 
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