Must say the market cap of $15 million looks attractive for a company expecting to make sales revenue of $5.5 million profit based on the operation producing 550 tonnes of tin at a production cost of $15,600 per tonne when tin price is $25,600
The update seems conservative as a 40,000 tonne of ore production rate to get to 550 tonne of tin is below the resource
Granville Update
Improved operational performance achieved during the quarter.
Receipt of formal approval for the Granville Expansion from West Coast Council:
- − Increase in annual production rate to 40,000 tpa;
- − Resumption of mining at high grade tin Granville East Mine;
- − Construction of new infrastructure;
- − Forecast production rate of 550 tonnes per annum of contained tin at A$15,600/t.
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Mkt cap ! $2.251M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 1850928 | 0.9¢ |
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Price($) | Vol. | No. |
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1.0¢ | 337721 | 1 |
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No. | Vol. | Price($) |
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3 | 1850928 | 0.009 |
10 | 2988919 | 0.008 |
4 | 992855 | 0.007 |
4 | 999161 | 0.006 |
4 | 2250000 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 337721 | 1 |
0.011 | 789570 | 5 |
0.012 | 81280 | 3 |
0.013 | 944662 | 2 |
0.014 | 71499 | 1 |
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