Thanks....the position is (hopefully) much better than would be...

First 15 Last

Share
Profile

Follow
Reaper11

20,213 Posts.

62

02/05/24

10:48

Post #: 73625367
Share

Originally posted by plonka: ↑

Absolutely, I had sillily jumped on top of the record 91% throughput rate of design capacity thinking it was for the month. But it was for a daily record. If they can achieve close to that daily record everyday it would result in a lot better production rates. profitable ?? probably not. But the Monthly average for March was around 60% of the record rate set for a day so they have the capability and room to move.

"In February, the rectification of defects within the ball mill drive assemblies was completed. Upon recommencement of milling operations, a record 24-hour throughput milestone was achieved by processing of 1,313 tonnes (dry). This achievement equates to average 54.7 tonnes per hour, which is 91% of the plant's design throughput of 60 tonnes per hour. The plant increased its daily average feed rate from 432 tonnes per day (tpd) in January to 790 tpd
in March. "

This concern still stands.

"Record 12,976 metric tonne units (mtu) of WO3 in tungsten concentrate shipped, resulting in cash receipts of $3.3 million"- Do the maths on this, and one may ask why in the latest "2024 NPV" did they update the Average sell price per MTU from 392AUD to 413AUD.

Expand

Thanks....the position is (hopefully) much better than would be the case if the mill had been operating at 91% of capacity on a long term basis.

Reaper

G6M Price at posting: 4.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply