Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My sincere apologies you are correct - at 250 bopd then we would be just over a quarter of this which would amount to around $375k per month until the more efficient pump comes, which will then have to be used carefully and will eventually hit 900 bopd flow or more.
Aghast seeing the SELLS - not huge but keeping the SP down - I know people sell for a myriad of reasons (especially on a Friday) but please - why did you invest here if you are going to sell before transformational news? Each to their own of course but......
RJ - only the Traders care what will happen to the SP after the next RNS - people who know this industry and know the pit falls and delays that can come from a clean up and pump installation will know not to worry. There are proven reserves down there (not only on this well but in the general field), we know this and when we start to pump this well at anything like the rate that has been alluded to then we will be totally derisked and self financing. This will mean we should be at multiples of where we are now so don't stress over the detail, in the short term, as long term (3-6 mths) is where you will see the big value of being in this share.