AGR aguia resources limited

Yep it was, i missed the tail end. Some points i noted:- mining...

  1. 151 Posts.
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    Yep it was, i missed the tail end. Some points i noted:

    - mining going well, have recently moved to 2 shifts per day x 5 days per week
    - Cashflow is now coming in and will be cashflow positive very shortly
    - Plant functioning on a continuous basis now and time in tanks has reduced from 40 hours to 20 hours due to Thickner being commissioned
    - 6 agitator tanks have been commissioned with another 4 coming online in March/April - this will take us to 50tpd (maybe more) by April
    - Stripping gold every 3 days (whatever this means) and will be doubled by mid-march
    - in terms of gold, estimates they've produced 50 ounces, still waiting on refinery for final results, expects to release results to market in March
    - Compared Santa Barbara to Buricita which was taken over by a Chinese company, if we have something similar as Burcita would expect any potential takeover price would be x 10 from our current share price as a starting point
    - Jorc reserve expected in Q3

    I missed the Phosphate update.

 
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