RE: EyeGuy6 Sep 2016 20:15
Kums- I listened to a TW piece about Wsbn and predicted sp but from memory I think he was way out with the calcs. IMO beat to look at the presentations and website regarding what RP expects from blacksands. It's there in black and white and I would say that being "very pleased" would suggest that they are on the way to achieving what he has already said. Obviously this may not be true but you wouldn't state more than once what you expect to deliver and be very please if you didn't deliver it. That makes no sense.
So IMO currently I think they should be doing roughly 75kg per week, so circa 5% margin on $4 million recycled weekly. If this is the case the only risks here are if they lose the contracts. It's almost like free money as they don't have any capex costs eg servicing a mine.
I am now happy with my holding and will happily add sub 1p if/when funds permit