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Wednesday, April 21, 2010 10:31:30 AM
In other words, if we assume they are processing 240 tonnes/day x 365days/year we get some very good numbers on revenue. However, if they are only able to run 240tonnes/day about 3 days a week because of occasional downtime, slow days, or Mexican holidays, we should expect annual revenue that's considerably less.
The presentation didn't say they expect to process 240tonnes x 365 days per year. They said the mill can now do 240tonnes/day.
Not really trying to bash TARM/TRGD, just saying the presentation didn't say they are now processing 240tonnes/day each and every day, so we may be overestimating the revenue and profit we should expect, thus we leave ourselves open to a significant negative surprise.
'peeker
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