The other observation I made whilst digging through past...

The other observation I made whilst digging through past announcements...

Production
Jul - Aug = 21,975 wmt = 354 t/d
Sep = (28,419 - 21,975) = 6,444 wmt = 214 t/d
Oct - Dec = 22,570 wmt = 245 t/d
Oct - Dec 10th = 13,750 = 193 t/d (Adjusting for last 3 weeks (21 days) at 420 t/d = 8,820)
Dec 11th - Dec 31st = 8,820 = 420 t/d
Jan 1st - Jan 13th = 5,330 = 410 t/d

The above shows that we have moved to ~415 t/d from 193 t/d (an increase of 115%!).  Also, July 18 (a banner production month) was mentioned as having operating costs of US$575/t.  Given that we are producing at ~415 t/d in the last month (34 days) versus 354 t/d in July/August, an increase of 17%, I would think that it is reasonable to expect our production costs per tonne to be approximately the same.  The company has reported expected 2019 production costs of US$585/t.

I think there is potential here if management can deliver on the following...
- Secure a further offtake
- Perform regular shipments
- Keep up the current production rate (which is approximately 75k/half)
- Arrange for tantalum sales (or offtake agreement)
- Perform a small capital raising (~$20m?) to cover the stamp duty payment plus more capital for exploration (which builds LOM and our share price)

I'm not happy with the performance to date (or my investment decision so far) but looking through the facts released by the company suggests they had major issues between early September - early December that may be starting to be resolved.  From reading the material, plus other posters information, it appears to be related to water and tailings.