Why we're you hoping for more than 5 tonnes? It's been no secret that they have been in commissioning, not ramp-up until now. That means running each piece of equipment usually in a staged approach commonly without any feed just to make sure it is running as expected. This is a very iterative process whereby upon successful completion, they can run the plant in its entirety to start producing product. That is exactly what they've done and as you will have read in the announcement, construction and commissioning (total works) are 98% complete. To me, that translates to commissioning is all but complete (compared to last month when they were at 91%) and the ramp up process has begun, hence the 5 tonnes of product. The ramp up phase I expect will involve gradually turning up the rate of production for each piece of equipment and running for a defined period until satisfaction its operating as expected. This will be repeated until steady state 2000 tpa production rate is achieved and any hiccups will be addressed along the way as they happen.
AGY Price at posting:
72.3¢ Sentiment: Buy Disclosure: Held
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