Chihawk, your calculations are nice. Just make sure you understand FY 12 or CY12 your figures pertain to.
Down under we have FY 2012 means upto 30 June 2012. I am not anticipating the production more than 20,000t in FY2012. CY probably about 8,000t
If they (management) have stuffed up the tailings storage facility which is a well known simple thing (in concept not the design or construction), the question should be asked what else have they managed to stuff up and will be revealed when the ore is fed to the concentrator.
MRE plant to the north of LYC, a brain child of our exec char's mentor Twiggy is still undergoing ramping upto produce rsting plate nickel. 40,000t. It will never reach there, unless the managment there bites the bullet and takes the plant off line for six months and spends $150million to clean up the cockups in the design and installation.
I worked there so I have a very fairly good idea.
I am not down ramping LYC but given the track record of the mis management, be cautious. Japs on board with Sojitz deal is a welcome sign they will flog management if they cannot deliver. No kid gloces treatment.
Nursery mentioned that there are very highly skilled people working for LYC. No doubt some of them are watching this forum. I hope their quality will overcome the failures of the management.
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