Here is some interesting things I found in Ann: Reserve and Resource Update.
page18/22 MINING FACTORS OR ASSUMPTIONS - Additional expansion capital of $48.5m in 2020 to achieve 6.0Mt of product. There is a chart giving details, have a look.
page20/22 REVENUE FACTORS - MMI sells two products: Xinfa spec and Metro blend spec. Xinfa spec is linked to Chinese alumina price of 3000RMB/t inclusive of VAT. Life of mine product mix is Xinfa spec (BH1) 6.72Mt, Metro Blend 102.8Mt
page 22/22 DISCUSSION OF RELATIVE ACCURACY, CONFIDENCE - Warning in 2031 the remaining 45.4Mt of Metro blend is above 12% Si (still profitable but harder to market).
The big question I have....(goto LME to check alumina prices).
https://www.lme.com/en-GB/Metals/Non-ferrous/Alumina#tabIndex=2 LME
On LME Alumina Month 1 =314.00usd but above they say 'Xinfa spec is linked to Chinese alumina price of 3000RMB/t inclusive of VAT.' Now as of today 17th jul2019 3000rmb = 436usd. So the question is 'Does MMI get linked to the alumina at 436usd they seem to indicate or is it much lower at the LME price of 314.00usd?'
Any thoughts?
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