Mel has already stated 30% more next quarter for prodcution
He is EXPECTING between 90-100,000/ t based on current production, a 30% increase puts us around 96,000/t for the quarter or right in the middle , hopefully the next 2 months can maintain the momentum.
As we saw in the last quarter ore processed increased from the previous quarter by 12,000 / t but revenue stayed much the same , that was due to lower grades and that's where the most potential lies for a good quarter , increased grades can turn a 30% increase in processed ore into a larger increase in concentrate sold hence increased revenue...certainly shaping up to be a much better quarter at this stage, which would be welcome as we approach the start of Syndicate.
Also nice to see the AUD falling out of bed which offsets a slight weakening in ore prices..
Any improvement over the previous two quarters would nice...
Cheers Whisky
- Forums
- ASX - By Stock
- RVR
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-7
-
- There are more pages in this discussion • 171 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)