I was giving more thought to the surprise spot cargo of 10ktonnes that has been sold and the implications for cashflows. Of course it's positive, and one can consider that speeding of ramp-up brings forward revenues to the benefit of financial outcomes. I have not allowed in my own high level estimates of cash flow for a run rate of 20kt per month until December (see spreadsheet image at this post HERE). Yet it appears that is already what is being comfortably produced.
If it were not the case that the company was confident of maintaining and indeed increasing output going forward, they would have stockpiled that concentrate that has now been sold at spot and kept it in reserve! I look forward to reviewing my estimates when we have seen the quarterly.
regards
DF
I was giving more thought to the surprise spot cargo of...
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