MED 0.00% 0.6¢ merlin diamonds limited

Future production with Tomra

  1. 324 Posts.
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    Just going over some of the company's previous releases.

    The capacity of a single Tomra XRT machine is 150 tonnes per hour. (from Tomra website)
    If you only run a single 12 hour shift daily we will do 1,800 tonnes daily or 54k tonnes per month.

    Production from recommencement of operations Oct 2016 until 30 June 2017, was 4,605 ct from 86,407 tonnes of material. This works out to be 5.3 cts per 100 tonnes of ore which is about 50% of the probable reserve released by the company in their 2014 Ore Reserve calculation (Jan 2015 presentation).

    My projections based on above assumptions using the new Tomra machine.

    Using ore mainly from the Ector pipe.
    10 cts diamonds per 100 tonnes.
    54k tonnes of ore monthly.

    We should get 5,400 cts in the first month.
    This is more than the first 8 months of operation since October 2016!!

    If we advance to two shifts daily, a single machine could handle about 95k of ore monthly.
    Diamond production would be 10,000 cts monthly & 120,000 cts annually.

    Figures above are from a SINGLE machine. Upon successful results from the first two months of operations, I would expect the addition of another Tomra in each of the 1st & 2nd quarters of 2018.

    For 2018/19 fiscal year we could be looking at diamond production in excess of 300k cts.

    Historically the Ector pipe has had the highest proportion of large diamonds & hence the decision to commence with ore from Ector.

    Naturally, market cap will depend on the quality of diamonds. But if we get a nice proportion of white gem quality diamonds and a few 20ct+ diamonds & maybe even a few larger colour stones, I won't even attempt to guess where the market cap will be.

    Many multiples of the current $9 mill market cap.

    Bring on the Tomra XRT !
 
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