GREY:MLKKF - Post by User
Post by
dbeliteson Sep 08, 2011 8:53am
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Post# 19021556
Throughput increase
Throughput increaseIt will be interesting to see if this increase will lift the sp higher. Has the recent lift already taken this into account? After reading a recent report from CIBC they were anticipating throughput in PH2 to go to 50tpd. They had a $5.20 target on ML. Will this news be somewhat disapointing: "During the final week of August through-put averaged nearly 45,000 tpd, with a single day record of 49,195 tons achieved on August 31st." Or is this close enough to 50tpd not to matter? Is the market looking for 50-60tpd to really make this move???
Fingers are crossed that this news WILL make a difference on the upside today. Another pop would be nice.
GLTA
dbelites