The Balama ore reserve was interesting. The TGC% increased to 17.9% but they said they'll get ~19% out to 2047. The higher grades must be near the top as they dig further into the resource. I noticed their grades had increased but thought they may have hit a better pocket and it was temporary. If they get their recoverables to 90% as they hope, both will help lower the C1 costs.
Net loss was only $26.9m which wasn't too bad considering the circumstances. They only averaged a sales price of $661/t for the 162kt sold which is ~$100 below current market prices and ~$180 below 2022 prices. Shipping cost are down somewhere between $150-$200 per tonne.
(162kt x $100) + (162kt x $150) = $40.5m - This doesn't include lowering the C1 costs and they hope to sell a minimum of $240kt this year
- Forums
- ASX - By Stock
- Ann: Balama Reserve and Resource Update
The Balama ore reserve was interesting. The TGC% increased to...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYR (ASX) to my watchlist
|
|||||
Last
36.5¢ |
Change
-0.010(2.67%) |
Mkt cap ! $377.7M |
Open | High | Low | Value | Volume |
38.0¢ | 38.0¢ | 36.0¢ | $4.232M | 11.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 866521 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 228188 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 466436 | 0.360 |
10 | 113014 | 0.355 |
17 | 1020852 | 0.350 |
2 | 404000 | 0.345 |
6 | 200900 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 17700 | 3 |
0.375 | 247000 | 4 |
0.380 | 73030 | 3 |
0.385 | 95000 | 2 |
0.390 | 242773 | 5 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
SYR (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online