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I think you have hit the nail on the head with that last line -...

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mondyinvest

5,206 Posts.

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14/03/23

13:32

Post #: 66755664
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Originally posted by bigchops: ↑

Hi Mondy i appreciate your level of detail. But isn't the reason for the delay in providing production figures for Bluff explicit in what you have written. ie rain rail and port delays.
Have they had a proper opportunity to provide accurate ROM numbers given the issues they have espoused.
Having said that i would be concerned if the actual material coming out of the ground is not providing the forecast coal yield. ie A shovel of ROM only contains 40% of coal as compared with 60-70%.
Also Bluff is not the main game.

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I think you have hit the nail on the head with that last line - Bluff is not the main game, but Bluff is supposed to be a key source of cashflow to allow them to get through the pre-production/ramp-up stages of the other mines, without having to tap the market for capital (again). Let's see what eventuates with the HY soon, then the quarterly. Cheers

BCB Price at posting: 27.5¢ Sentiment: None Disclosure: Not Held
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