It looks to me as Kevin is now trying to reset the expectation to be very low in the hope of then over achieving. Only a few months ago he said that they were ramping up and would be profitable at 300t ish per month. Then in the previous webinar production was to be about 250t per month for the next year and now 200t.
Clearly the grade in the OC has significantly under performed. They simply did not get the 760k t at .44% and is why they are doing much more drilling. The production targets suggest that it is not magically fixing it's self.
As for the Tungsten price it has been doing well. Although the current trends show why you need to be careful with this talk is that it's gong to the moon.
The biggest driver of production cost is Grade So with the issues there. If your doubling the plant I cant see how production costs decrease.
- Forums
- ASX - By Stock
- EQR
- Ann: Mt Carbine & Saloro Operations Hit New Production Records
Ann: Mt Carbine & Saloro Operations Hit New Production Records, page-21
-
- There are more pages in this discussion • 12 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 EQR (ASX) to my watchlist
|
|||||
Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $85.00M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.8¢ | $18.89K | 497.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 65284 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 75000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 65284 | 0.038 |
1 | 300000 | 0.037 |
1 | 45000 | 0.036 |
1 | 100000 | 0.035 |
1 | 500000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 75000 | 1 |
0.040 | 712293 | 4 |
0.045 | 133000 | 2 |
0.046 | 202000 | 1 |
0.047 | 15088 | 1 |
Last trade - 15.51pm 23/08/2024 (20 minute delay) ? |
Featured News
EQR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online