WKT 0.00% 9.5¢ walkabout resources ltd

Yes and the break even production of 50 bags a day for...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,194 Posts.
    lightbulb Created with Sketch. 1315
    Yes and the break even production of 50 bags a day for approximately $1.4m per month was surpassed in the month of August. Given the time from site to port and loading on ships being about 1 month Lindi should be covering operational costs this month and into the future. With an average of 55 bags a day for the month of August but was significantly more towards the end of the month. Already the month of September has produced 96 bags in a day, nearly doubling the break even level. Free cash flows likely for the month of November giving the company a nice buffer before loan repayments begin.
 
watchlist Created with Sketch. Add WKT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.