The Ingonyama deal looks like a timely cash contributor just when we need it;
Based on 100,000 tonnes at 5gm per tonne 55% recovery, PLA will be able to produce additional 11,746 oz.
11,746oz @ 55% to PLA = 6,460 oz net to PLA.
Furthermore an additional 100,000 tonnes helps with the fixed costs being spread over larger tonnage and larger ounces. Hence production costs will have reduced over the Dec Qtr vs Sep Qtr.
These chrome tailings will be approx 15% higher in value than that of the Smokey ore.
From my previous guesstimate that Dec Qtr will more than likely deliver similar production ounces as the Sept Qtr, then this additional 6koz should deliver a cash flow positive result.
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