EQR eq resources limited

19%

  1. 1,559 Posts.
    Official plant opening 26.03.2012
    1st shipment of 1134MTU on 28.06.2012
    2nd shipment of ~1065MTU (15t @71% WO3) on 12.10.2012
    3rd shipment of ~1065MTU on 22.11.2012

    Avg. production
    from opening to 1st shipment: 12MTU per day,
    from 1st shipment to 2nd shipment: 10MTU per day,
    from 2nd shipment to 3rd shipment: 31MTU per day (allowing for 7 days plant shutdown as planned).

    CNQ's target rate is 60.000MTU per year = 164 MTU per day.

    Average production between 2nd and 3rd shipment allowing for 7 days shutdown was 19% of target rate.

    On 22.10/2012 management stated "record production rates approaching designed throughput capacity are now being achieved". Hmmmm.
 
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