RE: ATM3 Jun 2019 22:24
993344 - that of course does not factor in any possible credit from the production of Tantalite, which sells ($180 / Kg) at roughly 9 times the price of tin concentrate ($20/ Kg)
Tantalite is roughly 82% Tantalum metal by weight so the 2000 tonnes of Tantalum quoted in the January presentation ( http://afritinmining.com/wp-content/uploads/2019/02/January-2019-Investor-Presentation.pdf ) would equate to 2400 Tonnes of Tantalite, or approx. 2000 tonnes at Uis. This is approximately 1/50th of the amount of the tin quoted as contained there (96,000 Tonnes).
Thus for each tonnes of Tin produced at a production cost of $14,200 - yielding potentially $4,800 gross profit, there might also be 1/50th Tonne of Tantalum liberated, yielding a potential gross profit of $3,600 - so a significant potential source of revenue and a very useful hedge against Tin price fluctuations ( in principle you could keep producing profitably at Tin prices of less that $11,000 per tonne )