Thanks. It will be a slow build up until the 2nd licence is granted with a small shipment to start off to the mill from Panga. Probably a 2nd also from Panga before Paraguay hits its straps. Lucky for Paraguay there is not much as work compared to Panga startup.
So far there is 500T on the surface with another 500T in the underground still which they are using for their own purposes of mining. This was revealed by Zeff to all at the meeting.
All is on track and once the 2 licences are operational then the gear up starts and more tonnage expected and Zeff is hoping for about 8000T/mth but this can vary a bit due to widths that can vary and stages they are at in the mining process.
About 2000T/mth of 3% copper is roughly about break even before profit.
Talks of adding a few more concessions to the books from private individuals so they then can have everything in the one stable.
Asked about the desert sands and they can range from 2mtrs -100mtrs in depth and they are very confident that there are many more veins to be found besides the ones that are mapped and travel to distant outcrops that can be seen as mineralized.
EM is on the books to map the veins and thicknesses. Mentioned something about being highly charged and conducting electricity, I think the richness of the veins and an aerial survey.
The company now employs it own miners and are pleased with them.
I don't have a problem with the stage they are at and find that the BoD are helpful with questions asked. Openly transparent and are proceeding with the project in a very pragmatic and methodical approach to deliver the best outcome from the mines to SHER value.
I have full confidence that this project will succeed.
Patience is needed, not unfounded talk of a company not being proactive enough to SHERs whims. As I said startup will be slow so EXPECT that to happen and not think that there is an alteria motive being slow.
MNE Price at posting:
2.2¢ Sentiment: None Disclosure: Held
