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Taseko Mines Ltd. Message Board

  • henry_jiricek henry_jiricek Jul 9, 2013 3:31 PM Flag

    Anyone else notice the apparent disconnect?

    Unless I've misread this, TGB's fearless 'El Lider' is at it again. These statements from the most recent TGB press release.

    "Ramp up of the new concentrator progressed during the second quarter as operations and maintenance crews continued to fine tune and optimize equipment and operating parameters. The new concentrator has met all expectations and is beginning to consistently achieve throughput and recovery design criteria.

    Overall availability of both concentrators was 83% for the quarter, 11% lower than the targeted rate of 93.5%. Copper recoveries in both concentrators improved during the second quarter, averaging 86%, and remain a focus. It is expected that by the fourth quarter, recoveries will be at the design rate of 89%"

    Huh? Allegedly has "met allexpectations" and yet 10.5 BELOW the "targeted rate of 93.5%." And pray tell, aside from the evident statistical slight of hand, why reference the 'targeted rate" if indeed the only meaningful matrix is instead the "design rate?" And of course for good measure yet another variation of the 'ol next quarter syndrome.' Instead of the likes of the 'tried an true' excuse of Cu got 'left on the docks but to be shipped 'next quarter,' now it's "89%" to occur in the "fourth quarter."

    Oh, say it ain't so, Russ. And just when we were all beginning to believe that you'd become a real straight shooter-NOT!

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    • I picked up on the same 'great operating performance'! A couple of quick estimates based on throughput and up time and we left +- 2M lbs in the mine and lost another 900k lbs out in the tailings of the concentrator! But, who's counting, we made some money anyway. Even the goals they have set for the concentrator throughput and uptime seem very low. Of course, that always leaves room for future upside performance
      to deliver as time goes on. Russ has got to go...!

    • You are referencing 2 different things.

      The targeted rate refers to the availability of the concentrators. During ramp-up one should expect the actual rate to be less than target.

      The design rate refers to the recoveries from the concentrators. That rate is below the design rate of 89% and is currently 86%. I am not knowledgeable enough to know if this should or shouldn't be expected during ramp up.

      Certainly the performance of this management team has been less than stellar, so hard to argue on that aspect.


    • Yup. There is a "disconnect" between Russ and shareholder value! Unfortunatley were the ones being disconnected!

      Sentiment: Hold

    • henry

      You bad boy you! Reading the whole PR, AND remembering what was stated in prior paragraphs.....

      You'll get into trouble with gjohn/RUSS if you keep that kind of behavior

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