Ann: First Ore Mined At Allanson Underground, page-37

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16/12/18

16:41

Post #: 36874838
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Originally posted by eshmun: ↑

I’m just thinking that if full year guidance is to be achieved as RW claims, it’s going to be loaded to some very impressive performance in the the back-end of the year. The Dec 2018 quarter will likely show up the lower production rate due to the ramping up of the UG mining stope zones at Westralia, so as is typical, the market might just read this performance at face value and value RW’s forescast as just that, a forecast. I highly doubt RW would come out with such a bold headline to an announcement unless he had reasonable belief the company is going to deliver and in any respect missing reaching full production rates by a few months is not going to kill this project as it stands IMO. The indication from this announcement is that we have now opened all three planned zones on what will be one of the largest UG gold mines in Australia. I’m surprised the market was so tepid on the announcement but I’m also happy as it’s given me personally a licence to accumulate with some added confidence.

The other two catalysts that the annuncememt mentions and I have reproduced in my post may act IMO as a fillip for the share price in the very short term and also in counteracting the short termists who can’t read the tea leaves and sell off the quarterly on it’s face value.Esh

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30-40k ounces is a given. My guess will be 35k ounces but 2019 will produce progressively more, and hopefully better grade will add to the ounces.

I am more interested in when the team will announce Commercial Production and what AISC will be???? Any predictions on AISC?

DCN Price at posting: $2.01 Sentiment: Buy Disclosure: Held
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Ann: First Ore Mined At Allanson Underground, page-37

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