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clock Created with Sketch. 15/03/18
14:01
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Originally posted by J_Lamb93
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I find you very difficult to read Stevo, which has its positives & negatives i suppose, but means a lot of your posts i don't know whether to take on as valuable for my own decisions. You do bring a lot to the table but i seem to get confused if you are positive or negative on the companies prospects. Is there anything the Doc has said above that you would disagree with? Stage 1 production to be restarted by the end of the month (16 days) All 2018 production is pre-sold (that’s a banger). Assuming a bag price of USD$1,000 and 2018 production to be around 3,000 tonnes (assuming nil in ramp up to July which is obviously wrong but to remain conservative, then 500 tonnes p/m to the end of the year) that’s cash flows of USD$3 million. That added to our existing cash reserves set us up beautiful till the SP is 2.5c+ and the options are exercised, then setting us up for Stage 2 expansion. Stage 2 production from the end of 2019 (given we know about delays I wouldn’t be booking this one in but is nice to see). Better off adding 6 months to that and saying mid-2020 for Stage 2. Maybe ramp up in between as various parts are installed? Can someone confirm if a new 14,000 tonne plant is being built or if the current one is being "upgraded" to handle extra capacity? Who wants to have a guess what is in the bags?…..24 bags at probably 10.4 tonne (?) concentrate each. I think it says 10.4. Cash in the bank. I would think they are just waiting to have a sizeable shipment to make shipping costs more competitive. Your guess is as good as mine as to how much they would ship in 1 go.
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Just has a quick google....they are more likely to be 1.04 tonne bags. Point still stands. It is cash in the bank. Bass would just be waiting to have a good stockpile to send off rather than sending it in small quantities.
(20min delay)