The main thing in the report for me was the better than expected production from Koolan Island last quarter which is now nearing 4 MTPA due to better than expected mining conditions etc.
Production was not expected to reach these levels until 2010 due to mining from satellite pits etc, will be interesting to see if these conditions continue as this gives the company the odd 1+ MTPA more than most investor figures are worked out on at the moment.
Typical MGX report, not much hype, just the facts and as always things proceeding as stated.
quarterly report out after the close, page-12
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