With MRC securing the funds for the expansion of capacity, resource drilling, working capital, and its PFS for the finished products.
When does everyone expect these developments will commence?
I thought I would also provide my table of forecast QTR revenue once the inland strands recommence production.
We should see possible revenues of around US$18mil vs our September QTR where sales were $10.9mil.
I am not expecting our December QTR to have impressive HM sales, due to the decline in grade from the beaches. we must also be running out of stockpiles of ilmenite. We also won't see any financial benefits from the inland strand's production for 3-6 months.
Does anyone know if MRC could use 100% production from the inland strands to significant boost our production and bring in much needed funds? or would 50% of the plants capacity be the limitation?
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