GREY:MLGAF - Post by User
Comment by
SimplyTheFactson Mar 28, 2012 1:34pm
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Post# 19728694
RE: Don't get it.
RE: Don't get it. Hi Panhandle:
Your answer is here:
"the actual production output was 55,357 MTU compared to 71,996 MTU in 2010."
The company managed to make 5.6 million because of the high Tungsten prices, while their goal was to reach 80,000 MTU for 2011, production actually fell. For higher stock prices to materialize they need to ramp up production to at least 100,000 MTU per year, which is what they want to do. Unfortunately though production went the other way for the year due to labor problems an permits. More alarming is the fact that production fell towards the latter part of the year, with Dec being the worst month. That is why Telemarker asked if anyone knows what the production numbers are for Jan, Feb, and Mar. With the hiring of the new mine manager we are hopeful that things will turn in the right direction, but have not seen any signs yet.
Simply