Ann: First Supplementary Target's Statement, page-39

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Gwaihir

5,173 Posts.

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15/12/23

22:21

Post #: 71481085
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Originally posted by leec ↑

I found the following interesting:
"Tietto’s mining contractor has mobilised and commissioned one Liebherr R 9350 and two Komatsu PC2000 excavators in November which are expected to increase overall mining volumes". Lets analyse this.
A Liebherr R 9350 has a bucket capacity of 18m3 and Komatsu PC2000 has a bucket capacity of 13m3. One Liebherr R 9350 and 2no. Komatsu PC2000s therefore have a combined bucket capacity of 44m3. Lets assume they can excavate and load at respective productivity rates of 700 and 500t per hr, then combined (1 x 700t + 2 x 500t = 1,700t/hr @ 12hrs/working day = 20,400t/working day). Assuming a 24 working day month then the addition of these excavators increase mining feed by just under 500,000t per month. When taking into 3.5 day mill shutdown and providing no other interruptions it is possible that we will likely see December gold at between the 13-15000 ounce range.
With record gold prices holding at an average of $2000USD/oz and a ASIC of $1250USD/oz would see free cash of $750USD/oz or a range of $9.7 to $11.2mio USD in the month of Dec. Fingers crossed and let's hope we see higher grades being mined / milled.

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Thanks Leec, that's very interesting.

If I read things correctly, and I often don't, that would mean TIE making a profit in CY2024 of more than US$100 million dollars.

So I can see why they told everyone not to accept the current offer, because Zhaojin would pay off the purchase price in only a little over 4 years, which seems like quite a bargain, and not much reward for all the years of effort TIE has put in to the project.

Gw

TIE Price at posting: 63.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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