EQR 0.00% 4.1¢ eq resources limited

June quarter was 150 tonnes - 50 tonnes a month or 1.67tonnes a...

  1. 934 Posts.
    lightbulb Created with Sketch. 217

    June quarter was 150 tonnes - 50 tonnes a month or 1.67tonnes a day.


    The month of July was 110 tonnes - 110 tonnes a month or 3.55tonnes a day

    This Announcement smashing the records with a record 11.1tonnes per day.


    A week straight of 8 tonnes per day.



    If we project out the Sep quarter

    July-110t

    August- somewhere above 3.5t/d let's be prudent and go with 4td. -125t

    Sept-first week 5t/d - 35t

    - second week 8t/d - 56t

    - +11t day record -11t

    -15 days left - assume 8t/d - 120t

    Total110t+125t+222t

    =457t. Over 3 times the previous quarter.



    Ramp up is going well. With better results from the new more modern XRTs/software, Better grades from the grade control drilling vs resource model, Better recoveries from higher grade ore vs lower it is no surprise. Wild speculation. 10t a day at 65% open pit mining capacity = 15t a day at 100% (or not who knows what the split between LGS and Open Pit ROM ore is currently). 15t a day at full swing= 450 a month or 1350 a quarter.

    2025 the plant is doubling to 2mtpa.

    GLTAH

 
watchlist Created with Sketch. Add EQR (ASX) to my watchlist
(20min delay)
Last
4.1¢
Change
0.000(0.00%)
Mkt cap ! $91.71M
Open High Low Value Volume
4.1¢ 4.2¢ 4.1¢ $77.07K 1.870M

Buyers (Bids)

No. Vol. Price($)
1 100000 4.2¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 200000 1
View Market Depth
Last trade - 14.56pm 30/08/2024 (20 minute delay) ?
EQR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.