Given we've been given an update for Smokey Hills. I was just wondering if anyone has any educated opinion(s) on what to expect from the company in less than two weeks for the March 2012 Quarterly Activities Report?
As a recap; Production Statistics Dec 2011 were:
Tonnes Underground Production 76,345 Tonnes Milled 70,359 Head Grade 3.59 Recovery 77.12% 4E PGM oz 6,259 Cash Costs US$ 925
So what for the Production Statistics March 2012 forecast:
Tonnes Underground Production ??? Tonnes Milled ??? Head Grade ??? Recovery ??? 4E PGM oz ??? Cash Costs US$ ???
I've done a bit of analysis over the weekend, but would like some genuine feedback before I start shooting for the stars!
Also, by way of a heads up. The company has made me aware that at the beginning of February there were Excess Production Ore stored underground ~33,000 Tonnes (should be ~10,000-12,000). This I have been told is planned to be brought back to normal operational levels by around June.
So my question is, what are people expecting (forecasting) the production figures to be for the March (and June quarters)? And, are people now happy to assume that management have an adequate handle on operations at Smokey Hills?
Very happy to get the Bull and Bear views here, as well as the strength of peoples conviction!
Cheers
Gus
PLA Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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