Hi Shellbell the similarity is your project is underpinned by vanilla markets and both failing to make a meaningful profit...Both have failed start up plans with one in a trading halt and the other out drilling for higher grades at surface..Good luck as 5% TGC just wont cut it in a competitive environment always making less margin per ton mined...
Why is 5% TGC so bad when comparing to WKT 17.9 TGC over life of mine currently 24 years....?
The facts that Shellbell does not like...Low strip ratio is meaningless with grades sub 5% TGC and offers no value in graphite.IMO
Example only as BSM only delivering @ 6000 TPA
Lets do an example and gift BSM a mining cost at $25 per ton and gift BSM our basket price @ $1500 per ton delivered
1000 Tons Strip Ratio 2:1 (Mine cost $75)
(Moved three ton's of material for 1 ton of graphite grade 5% TGC)
1000 tons thru plant @ 5% TGC x 95% recovery = yield (47.5 tons)
47.5 tons x $1500 = $71,250 revenue less ROM
1000 Tons Strip Ratio 4:3 (Mine cost $107)
(Moved 4.3 tons of material for 1 ton of graphite grade 18% TGC
1000 Tons thru plant @ 18% TGC x 95 % Recovery = yield (171 tons)
171 tons x $1500 = $256,500 Revenue less ROM
Even though the above example is generous to BSM it demonstrates the education required by Shellbell not to focus just on low strip ratio as a measure of value,educate more on high grade/distribution advantage to achieve a premium basket price...
One can see strip ratio @ mining level is a minimal cost while processing cost's can be cut by 3 times from select mill feed.Only a high grade resource can achieve this to select mill feed.
No Rambles just facts, no ramping required just facts on how strategy and resource differ from one to another...
Croc
- Forums
- ASX - By Stock
- Mining Weekly Post
Hi Shellbell the similarity is your project is underpinned by...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WKT (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $64.44M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.3¢ | $79.54K | 821.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 66614 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.094 |
1 | 8543 | 0.093 |
2 | 18924 | 0.092 |
4 | 486111 | 0.090 |
1 | 50000 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 66614 | 1 |
0.097 | 95820 | 1 |
0.098 | 240300 | 2 |
0.099 | 216054 | 2 |
0.100 | 197434 | 1 |
Last trade - 15.39pm 06/09/2024 (20 minute delay) ? |
Featured News
WKT (ASX) Chart |