EQR eq resources limited

Now we're cookin' !, page-5

  1. 1,200 Posts.
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    Gopher I think you got a wire crossed in your take there. The 4.9m tonnes is ORE from the pit. The "saleable Concentrate" is in the last column and as you can see goes up to a high of 5,738 tonnes of concentrate in 2026.

    Previously from the BFS there was 3 big years totalling 16068 tonnes of concentrate.
    year 2 was 3016
    year 3 was 5044
    year 2 was 8008

    Now there are 5 big years totalling 20610 tonnes of concentrate.
    year 2 is 4818
    year 3 is 2770
    year 4 is 4456
    year 5 is 5783
    year 6 is 2783

    Of note year 2 (2023) is 50%+ more profitable (from a quick glance) and the mine life has extended to 15 years including 5 substantial ones. This gives the company a decent chunk of money sooner than previously and a few extra years to add to the "big years". Although with the UG resource (2.4mt @1.05% for 25200t contained) and Iron Duke resource (5.8mt @0.59% for 34220t contained) sitting there ready to go it is not a big ask for the operation to be producing at solid run rates for a long time to come.



    Last edited by plonka: 09/11/22
 
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