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4.8¢ consolidated zinc limited

Ann: Plomosas Mine Production Report October 2018, page-15

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08/11/18

13:59

Post #: 36433691
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Originally posted by PinkDiamonds ↑

There are 4 points that explain why:

1) The focus is on opening up more stope work areas to access ore.
2) Equipment availability and utilisation were below expectations as the contractor established support services and systems at Plomosas.
3) Stope production was restricted due to maintenance issues causing limitations on decline haulage and transfer of the ore from stopes to the loading pocket.
4) The bypass is expected to be completed during November. This will remove the bottleneck for the transport of ore to surface, allowing for increased ore haulage with larger, faster trucks that are being mobilised to site.

Once the above short term problems are solved the numbers will go up in line with targets. A few hiccups but nothing to stress about in the long term at this stage.

Feb - June is when I'll be expecting stronger numbers and if they can't deliver by Feb - June I'll be out.

gla

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Happy to hold this one as directors have increased their holdings recently.

CZL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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