Lest we forget15 Dec 2020 17:31
The late November RNS said that we had produced more than the total for Q3, the Q3 production was :-
“Tungsten ("WO3") concentrate production of 54.7t during the quarter, up 15% on a like for like basis and up 168% on a pro rata basis.
· Tin ("Sn") concentrate production of 22.9 dry metric tonnes ("dmt"), down 44% on a like for like basis but up 30% on a pro rata basis.”
None of us know how much more we had produced up to the RNS in comparison to Q3 but we do know it was more, it might have been 10% more 20% more 30%, 40% more, 50% more etc etc none of us know, but we do know that they had shipped 60 tons of tungsten and that a few days later that they were shipping another 20 tons, now of course it is possible that for some reason they did not ship all of the tungsten they produced in Q3 and that therefore some of the 80 tons was not produced in Q4, none of us knows.
If we only produced 10% more then that would be circa 60 tons of tungsten and 25 tons of tin up to late November, and that would indicate that the full quarterly production would be (if we stated on 4/24) 90 tons of tungsten and 38 tons of tin.
If however we had produced 50% more then that would be circa 82 tons of tungsten and 34 tons of tin up to late November, and that would indicate that the full quarterly production would be (if we stated on 4/24) 123 tons of tungsten and 51 tons of tin.
But, don’t forget that we were told that we would move to 5/24 in December so that would increase the figures in both of the above scenarios and as we found out from today’s RNS production has continued to improve.
Anyway time will tell;-)
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