I'm confused. Maybe EL could explain but I think he has me on ignore.
Tropicana's forecast of 135k oz being the midpoint for FY16 means Tropicana will produce roughly 60k oz in 2nd half? That's 20% less than 1st half where they achieved 75k oz? See below.
Have they highlighted this to the market? Have I misunderstood or missed something?
EL said: "........and Tropicana better displaying it's potential (as it is very early in this remote area and imho the best is to come, and keep coming). "
AngloGoldAshanti says "2016 grade reductions for Tropicana!" Grade decline means production decline?
Point 19 and 22 of AngloGoldAshanti webcast on 22 February 2016
IGO Price at posting:
$2.84 Sentiment: Sell Disclosure: Not Held
(20min delay)