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.
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Yes and the break even production of 50 bags a day for...
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INFINI RESOURCES LIMITED
Charles Armstrong, MD & CEO
Charles Armstrong
MD & CEO
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