New Report by Hartleys, page-4

First 4 Last

Share
Profile

Follow
Paul12

2,115 Posts.

242

02/07/17

12:53

Post #: 25614003
Share

Originally posted by Paul12 ↑

I don't think much of the Hartley's report.

They assign 4 cps for Centro, which is fine.
They assign a value for AN going forward with the plant 'operating at capacity' producing 14.0kt copper in 2017 and 14.9kt each subsequent year. I suspect this may be shown to be *way* under what actually occurs.

With talk of doubling 'capacity' I think we need some confirmation of what this actually is.
I don't know much about operating mines and would appreciate some commentary from those who do. I note that Hartley's suggest a yearly mill capacity of 0.7Mt.
The crushing capacity was 120tpa then upgraded to 200tpa in December.
At 120tpa at 24 hrs/day we get to 700kt in 243 days.
I don't know how many hours/day and days/year we operate but given these figures and 'capacity' this seems very light even before we consider further plant upgrades.

Expand

Obviously my 120tpa and 200tpa should have been 120tph and 200tph.

AVB Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

NUZ

Neurizon significantly advances NUZ-001, enters global licensing agreement

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

New Report by Hartleys, page-4

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Neurizon significantly advances NUZ-001, enters global licensing agreement

Featured News