Financial Performance
•The Mindarie Zircon Mine is forecast to be cash
positive this quarter
– at 600tph, EBITDA is expected to be A$21mm pa
•Plans are currently being investigated to increase
production to 750tph
– at 750tph, EBITDA is expected to be $A27mm pa
•Substantial parts of the Process Plant (3) are designed
to handle production of 850tph
– at 850tph, EBITDA is expected to be A$30mm pa
I am encouraged by these figures today. I did think that at 850tph (assuming US$750/t fob zircon price, $A:US$=0.81) that EBITDA would have been higher due to increased economies of scale?
Still happy with $30 million and the BFS for WIM150!
Trade safe!
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Financial Performance•The Mindarie Zircon Mine is forecast to be...
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