Not that simple, from the conference call, coarse is good fines are not profitable
"We took the decision not to sell into record low prices, and this was reflected in the loss of anticipated breakbulk demand later in the quarter."
The pricing depends on the mix sold, this question explained it a little.
Andrew Harrington
Okay, thank you. And then, back to Balama, what's the most in terms of proportion of large flake material that you can get out of the plant? Essentially, you're limited by the fact that you can't sell the fines profitably at the moment as I understand it and so trying to maximize large flake makes sense, but what's the crossover point where that's worthwhile to start production if we assume current prices.
Shaun Verner
So, there is a resource limitation and then there's a processing limitation and historically we have averaged somewhere between 12% and 16% coarse flake depending on the mix of medium and high grade materials we're running off the ramp. What we are doing at the moment is assessing whether there is a short-term processing opportunity to materially lift that coarse like proportion and if we are able to do that we will obviously assess the cost and operating parameters around it, but something that we have we have looked at previously, but certainly not in environment where the price differential between coarse and funds was so significant as it is at the moment and that may give us some additional guidance on how we take it forward.
- Forums
- ASX - By Stock
- Ann: June 2024 Quarterly Activities and Cashflow Report
Not that simple, from the conference call, coarse is good fines...
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYR (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $305.2M |
Open | High | Low | Value | Volume |
30.5¢ | 31.5¢ | 28.8¢ | $1.303M | 4.397M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 178939 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.290 |
7 | 192537 | 0.285 |
13 | 432891 | 0.280 |
8 | 131271 | 0.275 |
8 | 116097 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 177598 | 4 |
0.305 | 46000 | 4 |
0.310 | 131154 | 7 |
0.315 | 174000 | 5 |
0.320 | 95059 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
SYR (ASX) Chart |