RE: Greg Hahn on RobTV...the interview was "brutal". Better not to have said anything. What was said, imho was:
yes we can do 54 million lbs of copper and that is the 2007 target equivalent rate - I read it that if they hit 4.5 million lbs in a month (or thereabouts) they will be producing at the desing capacity - not quite the same as saying that they will produce this;
Terrazas is still 3 months away (bet you that means March plus 3 months). Remember when it was supposed to be out?
- as for someone else wanting to buy in, why would you want to sell interest in Terrazas until you have the full feasibility out? Its like saying you will sell the house before the appraiser comes along to tell you what the house is worth- just not common sense;
- statement that weather will get better and we will do better. Remember that its looking like Dec / Jan and Feb will be one of the driest quarter in that area of the country- so cant blame production problems on weather, so dont know what they are talking about.
Overall I see this interview as not well conceived, but then Im not the CEO.
More I see of this management style, more questions are raised in my mind and still missing production figes, but who knows tonight / tomorrow they may surprise some of us by actually hitting on some production numbers.
again this is only my view and based on having seen some blockbuster information confirming production targets.