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Https://www.lse.co.uk/rns/XTR/manica-q1-2023-gold-production-update-6j1hf2jkaktvc3m.html
Just had another look at Q1 results and there were a few clues in there on what we could expect for Q2.
Plant throughput
"Clear indications are that post the heavy rains, results are improving significantly and Q2 2023 is showing a marked improvement with plant throughput increasing from 30,000 tonnes per month in Q1 2023 to current nameplate capacity of more than 40,000 tonnes per month
May 2023 throughput was 43,200 tonnes per month
Grade
"A significant amount of additional close-spaced drilling was completed during Q1 2023 specifically to improve grade control and the ability to better predict the Run of Mine grade that could be anticipated by the processing plant. This work had an almost immediate impact on improvement in the run of mine grade with the average rising from 1.2g/t Au in February Q1 2023 to a current reported grade for May Q2 2023 of approximately 1.8g/t Au"
So for month of May 1.8g/t at 43,200 tpm = 77.76KG = 2500 troy ounces = 575 oz for Xtract for May
Assuming $1900 POG and $900 Cost that's $575K Pre tax profit. Boa Esperanza and Guy Fawkes usually add about another $50K a month so that's circa $625K a month. Obviously that's assuming April and June will be the same as May and they may not be, but that gives an indication of the pre tax profit.
If April and June are similar to May, that would mean Q2 results would be circa 66% better than Q1's. Q3 Results are usually the best quarter due to the very dry period, so we should at least equal or better Q2 results.
I think when we get Q2 results the sp will start to appreciate and continue to do so as we get Q3 results.
I just don't know if that SP appreciation means 2p or 3p.....or higher???
AIMHO
DYOR
They mentioned some production from Kakuyu that could add to Q2. Some decent in pit ultra high grades of 15-25% Cu evident they may have targeted to draw some initial income from, to get the ball rolling. Half year report will be very welcome to get a better update from across all the projects, but no disputing Manica income will be the one everyone is looking to.
When you say "They mentioned" I assume you mean CB.
I remember CB saying in November (years ago) we would soon be betting $200K a month income from Eureka by early next year.
I think I'll believe any Kakuyu income when its declared in an RNS !
I'm only believing what I read in an RNS from now on.
I just don't believe a word CB says anymore (outside of an RNS).
I think I'll believe any Kakuyu income when its declared in an RNS !
I thought that was my point Andrew
When should we expect Q2 results please?
MM's will currently take 1.5m at 1.36p
been a long time since they would take that many in a block.
"When should we expect Q2 results please?"
Last few have been announced just over 3 months after period end, so that would mean early Oct if its the same time period.
CB said at the AGM Q2 would be announced in a couple of weeks.
If CB is correct and can be trusted, then they should be announced anytime now to end of this month.
So I'm going for early October :)
Just had a glass of devil juice
am now DREWLING drivel.
is this the right place?
yearning a BLOW ME OUTTA WATER post?
ask me and you will get
cruelLa
So what will I get if I ask if L'La is an abbreviation that you'd consider a goer, Cruella? :-)
Just clawing my way up from hell
Ntm now speaking code. cruELLA now spitting feathers. no offence to any birds present!
ntm translate please ask me for BLOW ME OUTTA WATER post.
Ntm
You cloak in dagger.
Wot happened to essays?
Please translate l'La
♠️♥️♣️♦️
Can we please have a "BLOW ME OUTTA WATER POST" please ?
Just looking in here again now...I'll second that so Geordie... and not just a blow you, Cruella out of the water post.. but a blow me Michu, Geordie etc out of the water post, please..
Gordie not Geordie, Apols
Yes come on dwinkle, show us what you have while we're waiting for something interesting !!
AS AT 31DEC22 Mozambique Gold showed
Gross Profit Margin 40%
Sales growth 219%
This is THE MINIMUM I am expecting to see from H1 RESULTS
Total gold sales H1 22
$997,000
Total Gold sales H1 23
$5,551,841
That's an increase of 456% Sales growth compared to H122
Gross Profit Margin now
68%.
This does not include
Interest earnt from corp tax if 32% which will be paid in jun24
Nor
Maiden income from Zambia Copper.
Hope to get trading update for Q3
Howzat for a blow OUTTA WATER post❗
What are your predictions for maiden copper income from kukuyu ? .
Interesting .... and your analysis is much appreciated by me... and others too, I expect
The share price reaction tomorrow would be the fairest measure on how out of the water blowing the post is, perhaps!
Gord
I have no idea on maiden copper income for Kukuya as we have not received any guidance on what to expect.
Flip
Just about to read GLR results.
Ntm
Not expecting my post to move share price . This will happen if H1 results accompanied by PR from broker or when figures updated on likes of Stockopedia Sharepad etc about 7 to 10 days after results announced.
cruella
NTM
were you at AGM?
Didn't dear C🎯l say H1 results out in circa two weeks?
It's now nearly one month.
Had a PM to say £5.5m gold sales not a lot compared to other companies.
Blood boiling
£5.5m gold sales not A LOT if we had MCAP of GGP £387M
£5.5M GOLD SALES MASSIVE as XTR MCAP £13.1m
THINK PERCENTAGES AND NOT $AMOUNT
CRUELla
I was not at the AGM .. I'm going with Andrews steer - based on previous history - of end Sept for next Manica feedback.. that's fine by me as there will be another month's data to give clearer colour on unfolding - and likely future - revenue picture from it...
Also a chance of Bushranger model update late in September too .. Whith so many here for Bushranger and not open to averaging down, so far, that's the elephant in the room.... and the market valuing it at zero currently feels extremely harsh to me.. even a penny a share for - worst case - sell on value to a small cap explorer would be reasonable, I feel
IMHO & DYOR
Ntm
Andrew was not at AGM neither. Nor was jez.
am not often wrong why did I hear 2 weeks for H1 results?
Captain BOB and blue Brazilian at AGM . Can either of you TWO remember Dear c🎯l saying about H1 results released 2 weeks from AGM?
NTM
If BR and H1 RELEASED AT same time then that would be an almighty GAP UP.
As for others not wanting to average down ....no comment
CRUELLA
I think Andrew was at the AGM.. and more than you in attendance may well have heard those two 2 weeks from CB too.. if he did say it, perhaps this might be the first time ever CB's verbally offered timeframes are 'somewhat' off :-)
Right.
Got it NTM.
Only missing info to CruELLA puzzle
📍maiden revenue Zambia Copper
📍possible royalty payment for BR deal.
If anyone can contribute to the above GREAT
If not then will go to ground as have nothing more to talk about.
Waiting game til H1 & BR RNS'S
Gord
Make yourself useful to cruELLA.
Give me formula for business model at kukaya.
If you can give tonnes rock processed per month
Plus average grade then I can work out the rest