Who said anything about 900 ozs per month, as you assume?
The announcement was just that they will have poured 900 ozs from the low-grade heap by the end of November, and that's with the plant operating at 75% capacity. The production will then gradually ramp up and they will be moving onto the higher grade ore - it's all there in the announcement.
Suggest you read the announcement carefully - it looks pretty good to me.
So EXT is now a gold producer, not just an exploration company. Will be interesting to see what effect this has on the SP tomorrow, and how much of this expectation has already been built into the SP on speculation.
I hold EXT
is this right or not, page-2
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