compared to the mining plan, Mothae development is poor (see Mothae financing update from Nov. 7th, 2017).
2021:
planned revenues 47,4 MUSD
actual revenues 24,9 MUSD
2022:
planned revenues 51,2 MUSD
actual revenues 22,1 MUSD
main reason is the price per ct:
2021:
planned 1443 USD/ct
actual 688 USD/ct
2022:
planned 1277 USD/ct
actual 690 USD/ct
carats recovered is mostly in plan and only slightly below.
So it is ok that so far Mothae did not meet initial expectations. Well mining business always have uncertainty, but I would say it is a fact that Mothae does not deliver what was expected.
Ann: Quarterly Activities Report, page-37
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