Another positive day for Lindi…ADU presentation on Wednesday
With hundreds of tons produced and break even point behind us based on only a third of capacity required…At 95 bags this would eclipse the breaking even point…With US$3-4 million expected from development ore will be cash bonus greater than DFS calculations…The project only requires a 24 month payback period starting from December…Its quite possible several million more dollars will be available towards debt payments before the grace period ends…
Looking forward to new and fresh related project updates and sales updates from ADU…I’m not expecting prices to be given or specifics of how much super jumbo material has been produced as believe this figure is best kept secret to achieve price tension at the marketing tables…
Regards Croc
Ann: Development Progress - Lindi Jumbo Mine, page-7363
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