Can't see FMG hitting 170 wmt, that would be 46.8 wmt in q4. Also to hit their new C1 guidance, looks like they need roughly $11.75 ish/wmt in q4 to hit the midpoint, which looks very unlikely as well. Both would require records to be set. I suspect they have been optimistic about their guidance.
The strip ratio seems to be increased significantly this q. Will be interesting to see how this goes next quarter.
Shorted it for today at least
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