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07/02/17
21:21
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Originally posted by VYR
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Thanks Bung,
It certainly has turned a corner.
I guess with mining and heavy metal production both up from around 60% of feasibility study numbers in the 3rd quarter to over 80% in the 4th quarter and management now concentrating on a new mine plan to reduce turnarounds and target high grades and, of course, Norway back in action, that is not unexpected.
The drawn out ramp up might soon be a thing of the past. Hitting close to full capacity could be possible in the near future.
With Base Resources reporting a 40% rise in Illminite prices during 2016 and several hefty price increases in TiO2 reported during the year and more coming we can reasonably expect a substantial increase in positive cash flow this year.
We could be in for a very enjoyable ride.
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We'll need it because cash isn't something they've got a whole lot of.