Sales receipts for Quarry (working backwards Chronologically) were:
▪ Sept Qrtr: $177,000
▪ June Qrtr: $342,000
▪ Mar Qrtr: $65,000 (Aztec just started)
▪ Dec Qrtr 2017: Nil. Pre Aztec Machine.
If we work on the last 2 Qrtrs (177+342= $519k). The Quarry should produce say $1m- $1.5m pa of Revenue (min) just in gravel & road base. It's handy but not big.
The Aggregate and the Sand on the other hand are yet to kick off but the market for these is huge. The Permit to mine Sand has been submitted and await'g approval. It should come through one would think in .... well whenever the Mines Dept get around to it but one day.
The market for Aggregate & for Sand is simple - if the quality is right the market price is set & producers are price takers. So production levels are limited by production capabilities not demand. So bring on the Sand Mining approval.
The March Qrtrly said: "Nagambie Resources won various bids for road gravel, rock fill and beaching rock during the quarter. The quarry team was kept busy ... to fulfil those orders."
