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Ann: Recommencement of Operations and Record Daily Production, page-23

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PirataCzornomaz

2,688 Posts.

546

06/01/22

12:27

Post #: 58679166
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Originally posted by Transcender: ↑

They could, but would you?
I still think there is potentially a compelling project here, but according to the matrix of numbers I use I still think the ore side of things is marginal at current levels. Shipping is better than it was, but to be fair its still a lot higher than PFS levels. I think in hindsight the PFS FOB CIF conversion was light so for me I would still want to see the Baltic down sub 2000 before I will get hopeful about the ore side of things again.

So, are the economies of scale sufficient to justify borrowing money to scale up. My gut feel is the answer is no.
We will see more numbers soon. They won't be pretty as expected. Whether or not we can get sufficient information to be able to answer something like this after that, again debatable.
I suspect we will need to see March q as well to be able to piece things together.
Might not be the answer people are looking for but that's the reality of it IMO. No race to scale up because the cash burn likely to grow.
Total guess but I don't think there will be much noise about scaling up until shipping improves some more.

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Shipping cost down 30% last month. Almost there...

E25 Price at posting: $1.42 Sentiment: Buy Disclosure: Held
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2 Great analysis

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