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clock Created with Sketch. 12/03/24
17:10
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Originally posted by BaliHai:
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My understanding is that Bruce Griffin and Mark DiSilvio were recently in Brazil meeting with the South Atlantic project JV partners and doing a site visit. Word is that the project is shaping up very well and both the zircon and TiO2 are likely to be high premium-grade products .The strong cash positions of both the parent company (SFX) and the joint venture itself (KMS) were reiterated. all necessary approvals for bulk shipping are in place and KMS will be bulk-loading products this month (March) as scheduled.ore grade at Thunderbird is reconciling well with BFS forecasts and management still think that full production rates can be achieved well ahead of the scheduled Dec quarter. I've heard some reports this could be achieved as early as June . This would be incredible and would go a long way to alleviating any concerns the market seems to have that SFX is at risk of experiencing the same commissioning issues that plague Strandline Resources (STA). I think the market is finally starting to realise that Thunderbird and Coburn are two very different projects. I suspect once the first bulk shipment has been announced and the March quarterly is released and demonstrates throughput, grade and recoveries are all in line, the price will be well north of current levels.
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"ore grade at Thunderbird is reconciling well with BFS forecasts and management still think that full production rates can be achieved well ahead of the scheduled Dec quarter. I've heard some reports this could be achieved as early as June."... a serendipitous, well timed broker tour given that Feb production and reconciliation figures would have been delivered by end first week in March. Firm monthly figures would have gone a long way "to alleviating any concerns the market seems to have that SFX is at risk of experiencing... commissioning issues"
(20min delay)