So If the mine is operating 300 days per annum and they are producing 110 bulk bags per day for 40000 tonnes per annum then a bag would weigh in excess of 1 tonne.
Had a listen to Mike at the webinar and had a read of last weeks announcements, a few key points.
Number 1 margin graphite mine in the world a bit more than $347 in costs per tonne slightly below $1515 sale price per tonne. If we can't be profitable then no other graphite mine in the world can be.
" customers want our product " high expansion ratios twice of those out of China.
Underspec product is reprocessed. Driving for a premium price. This doesn't look like a desperate company after a cash grab.
40,000 tonne throughput in July/August going cashflow positive and casflow positive servicing debt within 6 months.
Blessed to have super jumbo
Talking about going 50000 or 60000 tonnes per annum with minimal capex makes me think they should easily hit 40000.
Mentions European and North American customers. Listen from 8.55 min mark of the webinar. Yes North American.
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