It will be worse than your forecast, the EPC contract stated it was only 840t per day production facility, not the 1000t as per the DFS.
Today's announcement states the grade the mine is processing "is steady between 13 - 14% TGC" , The DFS grade was (17.9%) and Mike Elliot stated WKT was processing 19.02% - Another reason not to base your calculations on Tweets @sparcash7 - you were wrong again.
Using the lower TGC grade, will have a significant impact on the output of the mine.
860t per day at 13.5% TGC = 116 bags x .87% recovery = 99 bags x 1/3 production rate as per todays announcement = 33 bags per day.
One the positive side, Mike should be able to tweet a truck leaving the site each day to show WKT has hit their forecast end of July production rate.
Anyway, the Purity is a major concern, We have seen Mike state previously." Most bags are now in spec "
It's unclear if most bags that are within spec is WKT achieving 92% TGC purity (which will be sold at a discount to 94-95% purity or if this relates to the flake distribution.
anyway, one thing everyone should be concerned about is the purity, @Croc-file mentioned SYR needed to grind down its graphite to achieve a salable purity, which impacts the flake's size. it will be interesting to see how WKT goes with the same scenario.
Source for Croc Claim of grinding it down.
WKT Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
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