RE:one positive to my analysisI think we are trying to read too much from Mark's tatement
"Q4-2016 saw significant improvement in throughput at our Caribou Zinc Mine in New Brunswick where the mill is now effectively operating at its nameplate 3,000-tonnes-per-day capacity"
To me the statement is vague... It could be interpreted as right now we are running at 3k tonnes/day but this was not necesarily the case at the beginning of the quarter. Even if this is the case I'll consider it to be great news and the 90-93 mil pounds guidance is still accurate.
aaaaaargh wrote: Just wanted to add one other possible positivie to my analysis of the recent production report. At Caribou, In q4, at the full 3000 tonnes per day, they produced appox 21 mill payable pounds of zinc. 4 quarters of that equates to approx 84 million payable pounds for 2017. However, they GUIDED to 90-93 mill pounds for 2017. So far, they have been pretty good in their guidance, so what does that tell us???
I doubt very much that they will be trying to push the tonnage more than the 3000t/day mark (Santander is well above design), at least in the short term. That leaves two other possibilities. Higher grades being mined, or much higher recoveries. I am not aware of any veins of super high grade ready to be mined or targetted, which now just leaves me with higher recoveries. Could it be that the recoveries are now much higher than what was reported in q4??? That annual report and conference call feel like they are years away......