My simply reading of the report comes down to a few points. I think symbol has finally dug its way through the lower grade 500k of strip and are now in the 'zinc zone'. The locals chewed through the obvious near surface zinc and that is about right. That was to be expected.
The plant and equipment had the usual issues, but they are basically sorted. I think they need to jam through more of the current 'zinc zone' for the next month and drive up the tons for export. This is why things have taken a little longer to prepare for the first export. They probably need a certain tonnage and grade in order to make a shipment worth while. This looks like it is coming.
I dont see anything bad here, it just looks like the usual teething issues when starting a new plant and operation.
The recent pull back is heavy handed, but even smallish delays will get you a weak share price.
They should still pump out some nice profits once she is running at full steam. The head stock is a better buy than the options down here imo. dyor
