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26.0¢ grange resources limited.

There looks like they'll be an additional ship arriving very...

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miningnut

10,744 Posts.

2250

18/06/24

08:19

Post #: 74361783
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Originally posted by miningnut: ↑

These are only interim forecasts for Q2 as we've got nearly another three weeks of price/exchange changes.
Average sales price rec'd: US$127/A$194/t
Unit cash operating cost: A$146/t
Concentrate production: 650kt

Nothing's permanent in life and unit costs are a product of the amount of production - Q1 had the yearly maintenance 10 day shutdown so production down & unit costs up - we should always be looking at the total costs rather than unit costs, just like we should be looking at the total sales revenue rather than average sales price.
I have used the same total Mining & Processing costs in Q2 as were incurred in Q1 - namely $95mil. Total sales revenue in Q2 $113mil (this can change by +/- 5% between now and 30Jun) assuming no additional ships to the number I already know about(with still two to arrive).

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There looks like they'll be an additional ship arriving very late this month that is currently scheduled to be fully loaded by 30June - this will improve the above Total sales revenue in Q2 to $130-135mil depending on index prices between here and the end of the month.

GRR Price at posting: 32.0¢ Sentiment: None Disclosure: Not Held
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Last 26.0¢		Change -0.010(3.70%)		Mkt cap ! $300.9M

Open	High	Low	Value	Volume
27.5¢	27.5¢	26.0¢	$357.3K	1.343M

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No.	Vol.	Price($)
18	278939	26.0¢

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Price($)	Vol.	No.
26.5¢	9106	2

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No.	Vol.	Price($)
1	25000	0.265
10	168877	0.260
5	113699	0.255
15	248297	0.250
9	179562	0.245

Price($)	Vol.	No.
0.250	25000	1
0.260	57	1
0.265	78994	3
0.270	20000	1
0.275	60000	2

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