277,852 (12/9 ann) – 176,522 (4/9 ann) = 101,330 crts in 6 working days (Mon – Fri)
101,330/6 = 16,888/day current av
Projected tot for end of production month (Sept 16th):
16,888 x 4 days = 67,553 add to 277,852 (12/9 ann) = 345,405 crts tot for end of the production month (at the current rate)
Be warned the new production chart that we will likely see on Monday is going to be an absolute doozie. I tried to draw the month of Sept (345,000crts) to scale on to a printout from a company ann and it goes off the top of the page by more than 1cm. The height of the September leg is greater than the height of the whole chart for the previous 10 months. Because the production for September will likely be about 198k (345k – 147k, 17th Aug), which is more than the previous 10 months of production put together, the chart will more than double in height.
Projected tot for Oct 13th (2 weeks prior to auction): 16,888 x 24 days = 405,312 + 277,852 (12/9 ann) = 683,000 crts for auction
Projected annual production: 16,888 x 23 days = 388,424/month, 388,424 x 11.5 months = 4.4m crts pa which is nothing short of phenomenal ! Looking good to easily do 1 - 2 mil crts pa on an ongoing sustainable basis soon I would suggest.
I don’t know the name of the guy who is managing the mine but he is clearly doing an exceptionally good job and deserves to be very highly commended. He has after all raised production, completely out of the blue, by an incredible 22 times (from 200 crts pa to 4.4m crts pa) in the last month. In many years of investing I have never seen anything that remotely compares with such an achievement.
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