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Ann: Development Progress - Lindi Jumbo Mine, page-7449

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    At throughput rate of 50t for 24hs = 2.08 tons per hour produced..For each turn of the paddle is $1

    If they achieve $1600 per ton product only 875 tons per month are required to cover OPEX US1.4 million

    Which is 28 bags to cover OPEX at $1600 per ton product. Even at theoretical level of $900 per bag only 15 bags required to service the debt component…

    The company has just given information via tweets that the shutdown has already started…Now two days into this 3 day shutdown

    Clumping has been an issue where fines attached to the larger flake known as clumping…Due to this four products could not be offered but not for long…$$$

    3500 odd bags already produced where 80% of consignments are paid once loaded onto the ships…Plenty of ships


    Regards Croc


    Last edited by Croc-file: Today, 19:24
 
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