Some early morning calculator practice.
"..sales of $270,229. In fact, 85% of production occurred in the first 7 weeks of the quarter"
85% x $270,229 = $229,694 (at 14tpd in 7 weeks)
multiplied by new equipment factor
28 tpd = $459,388 (7 weeks) / $787,522 (12 weeks)
42 tpd = $689,082 (7 weeks) / $1,181,283 (12 weeks)
56 tpd = $918,776 (7 weeks) / $1,575,044 (12 weeks)
Between $459k - $1.5m highly possible per quarter - as a conservative lower margin estimate.
Then add
-Tin JORC
-Edie Creek JORC
-Bolobip/May river decent deposit proved?
- Forums
- ASX - By Stock
- NIU
- Australia's Next Tin Producer
Australia's Next Tin Producer, page-126
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