Quarterly p.e. 31-12-17.
" During the quarter the company processed approximately 1,400 tonnes of reclaimed tailings to produce pre-concentrate [ approximately 32% tin ] "
1,400 x 32% = 460 tonnes of pre-concentrate
" Pre-concentrate is being dressed to final grade specifications during January " [ Presumably done now ]
If these figures are correct and my maths is correct, then that calculates to $4-5,000,000 of final grade tin concentrate sitting at Granville ready to be sold.
Would someone like to verify this.
If this is correct it could explain the hold-up in G2 getting underway. One of my worries was, where did the $500'000 to repay Lind come from and the purchase of new spirals etc. for updating the processing plant plus any other running costs, when there is no income.
I'm thinking they've used the money for G2 development for above and are waiting for tin concentrate sales to finance G2.
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