Ann: Owner Mining Commences at Granville, page-53

First 53 Last

Share
Profile

Follow
ThePig

568 Posts.

61

13/03/19

18:23

Post #: 37751399
Share

Originally posted by rattle: ↑

You've taken about a negative view of the ann. as is possible I'd say, which is OK as it is always a good idea to cover all extremes. But there is some positivity that I'd like to point out to bring back a bit of balance.
" In the interim the company has transported the relatively friable hanging wall ore that doesn't require crushing to the processing plant for treatment "
I'm not sure if this was the mined 430 tonnes waiting or not but either way they rounded up some form of trucking and got it to the plant and are now processing it, meaning it will be added to the accumulating store of saleable tin concentrate.
They also said waste mining "has" resumed and ore mining is expected to resume in a fortnight. If they can waste mine then why can't they ore mine. It appears they can now arrange transport of the ore to the plant so the only missing part is the crushing. If it is the hanging wall ore they're still mining then that will be able to continue to be processed, if not it's possible they may have a crusher organised in the coming fortnight, leaving another fortnight to April 13th.
What I've taken from the announcement is they have everything operating apart from the crusher, and maybe only a makeshift transportation system, but it obviously worked, so if the crusher comes into play within the next month then they'll have enough tin concentrate already waiting for the initial shipment and that can be then followed up by the next months processed ore.

All possibilities are on the table.

Expand

Totally accept your views @rattle It's always good to look at both sides of the announcement. I do note that your post does have quite a few 'if' , 'maybe' , 'not sure' , 'appears' etc.

As usual, the company announcements always leaves us with more questions than it provides answers and leaves us speculating the future.

ANW Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

There are more pages in this discussion • 73 more messages in this thread...

First 53 Last

Add ANW (ASX) to my watchlist

Ann: Owner Mining Commences at Granville, page-53

Top Stories

Power gets set for 1000-metre maiden drilling program in Brazil

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Featured News