@2ic I agree with you that SFX could provide better monthly production / recovery / sales / cost data in a table in a way that provided greater shareholder / stakeholder insight into Thunderbird's ramp up progress compared to plan. Ideally they would provide a table that compared actual quarterly performance to the BFS forecast. In addition a waterfall chart that graphically showed how positive variances (Better than expected HM recovery) and negative variances (higher % O/S, lower Zircon Conc. Price) all reconciled to the net cashflow variation from budget would be very useful.
So far as I can tell the big implication of the higher than forecast monthly mine operating costs is that breakeven has been pushed out by at least a financial quarter. How far its been pushed out depends on:
1. How quickly they can get to nameplate throughput & 2. How effectively their continuous improvement program is.
Given this it is not surprising KMS are hiring for a Superintendent of Engineering and Reliability on Seek. See: https://www.seek.com.au/jobs-in-mining-resources-energy/in-Broome-&-Kimberley-WA?jobId=75701757&type=standout
GLTAH
-DGT
SFX Price at posting:
44.5¢ Sentiment: Hold Disclosure: Held
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