how bad is the latest news?, page-2

My impression is that they have 40,000t on stockpile, but will miss 100,000t from the mining schedule this financial year (unless they can regain entry to the pit).

It does not appear to be a large rock fall, just very "accurate"!

Its very hard to "make up" U/G mine development schedules. It would unlikely that the lost ore could be replaced from U/G production in this financial year (I could be wrong though).

Looks to me like they might have a 4 to 5 week shutdown of the mill.

And this would be partially offset but the nickel already produced above budget.

It will be a short term glitch. For long term investors a buying opportunity perhaps.

Certainly an unfortunate hit to SMY's annual profit.

acturtle