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28/12/18
14:13
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Originally posted by dyeman
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ORE is actually in the best financial position it's been for a couple of years despite the slightly lower prices (which ORE already stated they were expecting in the 2018-9 financial year). They've actually solved the issue that's been preventing the processing plant from operating at full capacity (ponds weren't large enough).
So not only will they be producing and selling more product starting this quarter, production costs will reduce as the plant operates at closer to design capacity. A 25% increase in production combined with reduced production costs per tonne will more than offset any 10 to 20% softening in prices.
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yes revenue this qtr higher than last with operating costs down...expecting it to continue through March qtr now they have the ponds sorted and a smoother production profile.