The bfs says "The single stage washing plant is designed to operate on a 24 hour a day, 7 days...."
It does not say that it is going to run 7 days a week just that it is designed to.
When i calculate 5 days times 52 weeks a year i get 260. 260 operating days a year times 24 hours a day you get 6240 hours. 6240 negative 400 for maintenance gives 5840 operational hours. 5840 hours at 200tph gives 1,168,000mtpa. Thats pretty close to 1.2mill maybe they just rounded it up.
Seriously i don't know if people in south africa get weekends off or if they are going to run a rotating roster 'days on days off' or whatever. or maybe they will only fire up on a weekend if they get behind.
Anyway i still believe in this company and over the past few weeks have been able to average down below 7c.
GLTA & DYOR
HWK Price at posting:
4.6¢ Sentiment: None Disclosure: Held