A40 0.00% 8.2¢ alliance mineral assets limited

LOM was 3.6 years. LOM strip was 9:1 [ATTACH] A 20:1 strip and a...

  1. 6,058 Posts.
    lightbulb Created with Sketch. 875
    LOM was 3.6 years.
    LOM strip was 9:1

    Screenshot 2018-12-28 at 09.00.54.png
    A 20:1 strip and a 15:1 strip in the first six months and likely somewhere around 15 again in the December quarter. So almost double the LOM average strip for a quarter of the original mine life leads me to believe strip should go below 9:1 at some point. Maybe I should call Weier and let them know that, they are probably running around wondering what the hell is going on?

    This also lines up with Marks comments in regards to the production costs will depend on the timing i.e mining plan.

    Thats not including the fact the LOM is now close to 10 years.

    This could mean strip will be reduced over LOM but we cant say one way or the other so its best to take it as 9:1 for now and I for one hope to see more guidance on this early next year.

    With guidance of 80% recoveries and 220 ktpa from a 1.4 mtpa plant and no by product credits, you should probably be focusing your time elsewhere.
    Last edited by El Jefe: 28/12/18
 
watchlist Created with Sketch. Add A40 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.