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20/03/23
21:19
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Originally posted by Chicarno88:
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2022Q3 - Profit $120k 2022Q4 - Profit $457k 2023Q1 - Profit estimate on the McNally's Reef 1300Oz I expect them to mine @ 90% recovery = $2.9M This quantity is the breakeven point White Law's and other reefs being mined over the next 6 months. Lower head grade Softer rock i.e. quartz not diorite So increased plant throughput Stockfeed for mill required from level 4 to surface plus RoD feedstock They need to exceed 80Oz/ week (breakeven on admin, staff and production costs) Also issues with WRM not unique to them However, I am confident they will raise the shortfall of the 7c SPP. I anticipate good news soon both from investment to provide 5 quarters of funding plus increased revenue as the mine ramps up.
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Erratum, should read revenue instead of profit