GBG 0.00% 2.9¢ gindalbie metals ltd

trains, page-51

  1. 755 Posts.
    lightbulb Created with Sketch. 32
    Why cover the ore stockpile at port but not at the plant?

    They must be using the sun to dry it out. The ore must be produced at 21,000 tonnes per day, i.e. around 4,000m2. This quantity must dry daily before training. What do they do? Spread it thin hence difficult to load? Stockpile it high hence slow to dry?

    It seems the stockpile will be big, perhaps months worth. The working capital will be high. The ramp up will be slow.

    Expect another cap raising.
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.