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09:48
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Originally posted by yanlin:
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To those that criticised the Mt Cattlin update yesterday, here's a look at what one of GXY's harshest critics said about the update and its affect on their assessment (of GXY):Action and recommendation Maintain Outperform : The guidance update for Mt Cattlin was mixed with higher spodumene production and stronger spodumene prices in the 3QCY21 offset by higher material movements and cash costs and the cut to the reserve grade. Mt Cattlin is currently GXY’s sole source of cash flow, but only accounts for ~12% of our NPV, with Sal de Vida the core asset.
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very good. also i realised late last night that the cost increase was not all mines but only Mt Cattlin....even though it had a big bold heading MT Cattlin....(face palm)
