re: Ann: KRL secures 300,000 t off-take contr... Your comment raised an interesting point legin7777. Firstly, I don't expect to see 50,000t out of Mamahak any time soon (years) as production was targeted at 30,000t/m. Given the contract is for 25,000t/m on average does this mean that Bayan don't believe the mine will support throughput of 30,000t/m ? Or if this is not the case and we can mine 30,000 or better what avenues do we have for selling any extra ?
Would I be correct in assuming it is unlikely we can ramp up past 25,000t/m within the life of the contract (1 year) ?
Come to think of it I wouldn't mind knowing what the "market price" is or prefereably the margin as well. It's hard to guage if/when we're going to run out of money without this information and considering the comments re ongoing concern in the auditor's report it would be nice to have some understanding of how we can avoid some new raising or a loan from Bayan.
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