RNS!22 Dec 2011 13:29
Nice RNS - their Assests alone worth 54p a share! Loss down to 310k from 1.3 mil! Huge future potential. Tempting. Oh wait - NO DAMN FUNDS!
The first half of this financial year proved very productive for Toledo as we and our Philippine partners restarted the Berong Nickel Mine in which Toledo has a 56.1% economic interest.
•The mine ramped up to full production capacity in June and to date, 442,000 wmt (wet metric tonnes) of ore grading at 1.83% nickel have been mined, consistent with the forecast of 450,000 wmt stated in Toledo's 2011 Annual Report
•Six shipments of ore are expected to generate total revenues of US$13.8 million for Berong Nickel Corporation (BNC)
•Toledo Mining Corporation recorded an attributable loss of £310,127 compared to a loss of £1,302,721 for the comparable 2010 period
•After accounting for attributable losses, total assets as at 30 September 2011 were £27,182,788, equivalent to 54 pence per ordinary share
•Loan repaid from Atlas Consolidated Mining and Development Corporation to Toledo of US$4.5 million received, Toledo had cash holdings of £3.78 million at 30 September 2011
•Current stockpile of 247,000 wmt of approximately 1.8% high grade ore already mined in preparation for 2012 shipping window - potential revenue in excess of US$10 million