This is welcome news. The half yearly report was a little light on for substance. It seems they will be ready to produce at the start of April and will ramp up production when new seperator drums are available. Obviously this will be contingent on power supply. I emailed Phil 2 weeks ago and he said production will start very soon. He also said that with the stock-piling options at the mine and at the Port, ADY planned to stockpile as much ore as possible so that when shipping starts, they will be able to ship large quantities in July.
ADY will be paid spot prices for ore in their first few shipments. The spot price of Indian ore is around US$70.00 per tonne. This augers well for their revenue
production update
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
