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Ann: First Shipment of Concentrates and Logistics Confirmed, page-6

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Undaunted

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15/02/22

13:14

Post #: 59581504
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Originally posted by GravityWaves: ↑

14 bags @ approx (2) wet tonnes each = 28t per container
Assume moisture content is 10% of weight
28t - (0.1 x 28t) = 25.2 t dry concentrates per container
Grade of concentrate is 69 g/t (as per details in Dec'21 quarterly)

Gold ounces per container : (25.2t x 69 g/t) / 31.1 = 56 oz
Gold ounces in 20 containers : 56 oz x 20 containers = 1120 oz in first shipment to RussiaIf Stage (1) successfully ramps-up to 100koz p.a @ 69 g/t, export rate could be around 105 containers of gold concentrates being shipped to Russia each month (assuming that in the event of war with Ukraine, geopolitical trade sanctions won't affect Polymetal's contract for 70% of WMC concentrates).

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The presentation certainly lacks detail behind the production target.

How much will WMC net in bullion (and therefore dollars) from the dore and concentrate after transport, payabilty and refining.

A nervous wait until 30 April.

WMC Price at posting: $1.07 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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Ann: First Shipment of Concentrates and Logistics Confirmed, page-6

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