Here is some interesting things I found in Ann: Reserve and Resource Update.
page18/22 MINING FACTORS OR ASSUMPTIONS - Additional expansion capital of $48.5m in 2020 to achieve 6.0Mt of product. There is a chart giving details, have a look.
page20/22 REVENUE FACTORS - MMI sells two products: Xinfa spec and Metro blend spec. Xinfa spec is linked to Chinese alumina price of 3000RMB/t inclusive of VAT. Life of mine product mix is Xinfa spec (BH1) 6.72Mt, Metro Blend 102.8Mt
page 22/22 DISCUSSION OF RELATIVE ACCURACY, CONFIDENCE - Warning in 2031 the remaining 45.4Mt of Metro blend is above 12% Si (still profitable but harder to market).
The big question I have....(goto LME to check alumina prices). https://www.lme.com/en-GB/Metals/Non-ferrous/Alumina#tabIndex=2 LME On LME Alumina Month 1 =314.00usd but above they say 'Xinfa spec is linked to Chinese alumina price of 3000RMB/t inclusive of VAT.' Now as of today 17th jul2019 3000rmb = 436usd. So the question is 'Does MMI get linked to the alumina at 436usd they seem to indicate or is it much lower at the LME price of 314.00usd?' Any thoughts?
MMI Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
