Surat's SP party, page-199

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slay22

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09/08/19

14:30

Post #: 39942406
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Originally posted by Spraks: ↑

Quarterly Activities Report:
"Processing operations were impacted by thelack of suitably crushed skarn material, but subsequent to the end of the quarterthe Company procured its own crusher and will be mobilised to the mine in earlyAugust. A quantity of tin concentrate was dispatched from site during the quarterand sales are forecast to resume in the September quarter."

Exploration and Development Update 16th July 2019:
"An initial payment has beenmade on a second‐hand mobile crushing plant located in Tasmania, and refurbishment of the unit hascommenced. The refurbishment is expected to take three to four weeks, after which the unit will berelocated to the mine."3-4 weeks gives us an estimate of the 6th - 13th August for refurbishment to be completed, tack on delivery time which should only be a few days i'd expect the crusher to be on site by the end of next week, this is assuming everything takes the maximum time and refurbishment is from the 16th July which we have been told it was earlier.

If we look at the above, we procured the crusher late Q2 so we could assume refurbishment started 1st July which, including delivery time, would mean the crusher is most likely already on site and crushing away. Even meeting these dates half way (8th July) the crusher would've been on site this week.

I actually bought more based on these estimates and a massive wall propped up on 0.7c around then too so I think others have the same idea, or maybe knowledge if we want to go down the leaky ship talk.

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Yes you are correct with your timings, lets hope for good news next week!

ANW Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

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Surat's SP party, page-199

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Surat's SP party, page-199

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