SFX 6.45% 29.0¢ sheffield resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-42

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    To add to the above, I have just finished playing around with some figures, pls let me know if any are incorrect. Figures have come from ASX announcements apart from monthly Paramag recoveries which I have calculated using a rough % from the quarterly.
    On a month-by-month basis big improvements can be seen since April as one would expect with ramp up. I have used same costs monthly as not enough info given to do otherwise (Unless I have missed it) If they can continue improvements at this rate things start looking quite positive. Even a 10% improvement to ore mined or recovery rates makes a reasonable difference.
    I have used around 50% BFS discount on the Paramag value for July, doesn't add much regardless though
    The work around for the OS could yield the biggest cost saving. As they have advised they are currently mining above BFS rates and should be able to continue to do so as there was additional capacity built in to design from memory 30%.
    Am eager to see what the next few months will yield.
    https://hotcopper.com.au/data/attachments/6341/6341778-48455beb758818f66b4d0a0b0056fa82.jpg




 
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