morning Pihrana. good to hear from you. yes, agree, they’ve achieved a great deal in a very short time. I should have highlighted that amazing effort. From restarting to production in 9 months! Outstanding. I’m happy they’re focused on the business and not too concerned with hyping to get SP up, as some juniors do.
I often advise that these emerging junior resources require patience. I’d better remember that for myself.
any thoughts on what we might get from the mine gate sales to the BSM’s? Transport will be more as its +200km to them. I assume even though it’s at mine gate, the buyers will want a price that offsets some/all of transport, as the seller normally pays that anyway. Not a big deal, if we can get all that lovely premium, as we’re probably above 65% too.
great they’re starting on the beneficiation. Apart from the tailings, it brings another 2mt lower grade into LOM calculations, plus sets us up for when they get to the 5Bt around us. Although, I doubt we’ll hear much on that for quite a while. They’ve got plenty on their plate & as you say, just keep chipping away. I would also think they might start thinking about value add if the beneficiation works out? Pellets, or even HBI. Need something to insure us against the inevitable IO price fall to the bottom of the cycle, whenever that might be. Hopefully at least a few years away.
happy to keep backing management in this outstanding company.
cheers,
ned.
TI1 Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
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