ALK 3.26% 47.5¢ alkane resources limited

Ann: Quarterly Report to 31 March 2011 , page-3

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  1. 5,801 Posts.
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    Any concerns about this, as posted by another poster?

    ==== START QUOTE ====

    The Q1 2011 report just released projects a 30% lower production of rare earths than previously estimated. Table 4 of the report forecasts a YHREE rate at 425 tpa and LREE at 1415 tpa in the 400,000 tpa base-case scenario. (This compares to a 600/1980 tpa production rate forecast in the March 2011 Investor Presentation.

    ==== END QUOTE ====

    I'm no geologist or number-cruncher, but is this a worry, the 30% lower projected output?

    Is that why the share price has taken a hit today?

 
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