HaHa ddd. Do you want the processing costs from the start of commissioning, from when the plant ran the concentrator building for 12 hours virtually uninterrupted, from when the 25 day and night shift’s commenced or from when the plant started running 30+tph. Take your pick and I’ll give you my estimate of what the in spec concentrates selling into Europe at slightly less than tge US$1515 DFS expectations. Then we can talk about the refinancing of Gemcorp’s funding on or after July 4th. I’m expecting additional funds above and beyond the original agreement to be accessed including sufficient working capital to see the project through to full production. Gemcorp’s US$5mil tranche 2 working capital still remains in place and not required at this point. This isn’t my opinion it’s in an ASX announcement. Fake news is trying to sell 30 bags if concentrate produced from 25 days of day and night shift running 30+tph to HC readers from it’s multi story $40mil dollar plant, just because the load out area showed 30 bags to one side. The photo with 30 bags doesn’t even show the far greater storage area off to the right. To load bulks bags onto a tray truck would require loading from both sides just to start with. The truck convoy used to cart bulk bags to port over bridges with 20t limits would see 3 trucks used loading 10 from each side. That makes 30 in the photo next to the bag out area and at least 30 on the storage side of the shed. Deliveries have been planned or taking place since early May’s cyclone so to think 30 bags in total from one photograph after all the information provided is an out and out lie. Take a breath CR7. There goes my one day. HaHa.
WKT Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
