re: Ann: Presentation RIU Resources Roundup M...
Tin concentrate shipped to date: 190t
Alluvial mining has been going on for 15 months now with an average of 1 shipment per month. Each one has been about 10t so I'd expect a total figure to date to be around 150t.
I am really encouraged that we have shipped 40t over and above that.
While we are unlikely to see real uplift in the SP until the revenue is in the bank, GIP is moving towards profitability.
2 shipments a month should do it. I hoped we'd have this by summer, but GIP is making me wait a little longer.
Are we there yet?
Maybe.
AR1 Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
