Ann: Record Monthly Production at the Bald Hill Mine, page-40

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07/02/19

11:32

Post #: 37360981
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Originally posted by Sharpey ↑

Originally posted by binwood
I am not sure if @El Jefe was using USD or AUD - but assuming $70/lb and say 65% payability it works out to something like USD$100k/t so maybe USD$5m for 50t?
Yep, that's the same numbers I came up with.

Nice announcement. It would be great if we got one of these every month.

The tantalum sales may be what keeps them above drawing down on the second tranche of debt here, which would be excellent.

I'll be surprised if all 30,000t of concentrate is shipped by the end of the quarter as that would probably take out the whole stockpile as well.

But we do know that JBLIL committed to taking 10,000t under the new pricing model in the renegotiated offtake: https://www.asx.com.au/asxpdf/20190115/pdf/441w56rlm6rh18.pdf

So that's at least another 10,000t sold. Another 10,000-12,000t could be done without dropping the stockpile below 10,000t, which seems to be where they like to keep it.

That would be more than enough to make it a profitable quarter and probably get me buying back in.

Cheers

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Hi Sharpey, yes a good announcement, in my humble opinion of course.

Funny how they seem keen to give us a monthly update when it's a good news but weren't so keen when all the not so good news was about and we had to wait on quarterly reports to find out the extent of the bad news. May be worth keeping in mind as those with rose coloured glasses lavishly give out the praise to our management team.

Thanks.

A40 Price at posting: 17.8¢ Sentiment: None Disclosure: Held
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Ann: Record Monthly Production at the Bald Hill Mine, page-40

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