Member Info for InstantExpert

'Bring back Bob and the turnips.'

Please expand?

Me too.
Particularly bringing the tin back on line.
At today's prices, it is as valuable as the W.

"The debt exists - the estimated revenues do not."

Well yes, also you don't have to pay interest on forecast income.
Let's see FY production beat the lower level of 880t, as forecast, before counting any chickens.

Not big on assets then.

" the posters who have for years responded negatively to every positive post" cannot have been working for Atlas, who have only been around for 18 months.

"Gem Diamonds isn't compounding its earnings but is generating stable returns on the same amount of capital employed. And in the last five years, the stock has given away 55% so the market doesn't look too hopeful on these trends strengthening any time soon. "

Thanks for that Cowichan.

'look at Sukari — SO FAR we know the plan is to eventually mine a smaller Cleopatra pit along side (but still unattached) to the larger main pit'

Could you post a reference or link please, for more information on that, if you have one?

Best Regards

IE

If you look at the trades button on this page it will, ATM, correctly indicate 12 trades on the book today.
Click on that button and it is only listing 5 trades.

LSE is not the most accurate way of seeing trades.
If you want real time trade info, timed correctly, with the correct spread indicated, I'm afraid you have to pay for it.
Doesn't have to Level 2 but you will have to pay some subscription.

Real Spread from my broker is 6.50/6.60.
Looks like some 6.55 trades being flagged as Buys elsewhere.
Interesting to see what LSE report them as. If they report them at all, that is.

It is showing up elsewhere as a 6.90 trade at 16:11 yesterday.
There are others missing off the LSE trade data from the same period.
Including a 100,000 one at 6.78

Oh good, that was lucky, because if you had actually followed any of our own predictive chart nonsense, you must understand that you would be out of this now.

Enjoy the weekend

IE

Did you "dump the lot" when the SP breached 6.70 as preordained earlier in the week?

Oh I agree.
The target, from memory, is 94% utilisation.
But none of that down time is due to the number of shift changes.
That was my point.
All IMO

GUG
"Instantexpert - Your statement about a 20% reduction in Sn is incorrect”

The reduction in Sn recovery appears to indicate an 80% loss from circa 15T of concentrate in June and July to approximately 3T in August.
Some of that reduction is due to 5T of the same ore being processed twice; once in July and then reprocessed in August to achieve the shipping grade.
Please correct this if I am wrong but it does say that in the progress reports. It also explains the single 20T shipment made in July. That would have been 15T from June and 5T from July. The left over 4.8T from July was then reprocessed in August as part of that months 7.9T production, meaning around 3T came from August ROM.

Hopefully they'll have fixed it by now anyway.

Raining again :-(

IE

". Working 24/7 on the higher grades and with less time between shifts"

I was not aware that there was any time between shifts, whether working five or seven day weeks.
I inferred from progress reports that the plant, in a perfect week, runs continuously from start to finish; the 9% down time being for unscheduled maintenance and repairs, not to enable shift changes.

Please correct me if I am mistaken.

IE

Cancel that fleeting sentiment:

“ The price of gold retains the series of higher highs and lows from earlier this week as the Federal Open Market Committee (FOMC) stays on track to “increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month,” and bullion may stage a lager recovery over the remainder of the month as the decision by Chairman Jerome Powell and Co. drags on US Treasury yields.

Nevertheless, it seems as though the FOMC is preparing to switch gears later this year as “the Committee judges that a moderation in the pace of asset purchases may soon be warranted,” and Fed officials may lay out a more detailed strategy before the end of the year as Chairman Powell reveals that the central bank could start tapering its quantitative easing (QE) program ‘as soon as the next meeting.’”

85 Tonne of 65% tungsten concentrate with
15 tonne of 55% tin concentrate
Both at a conservative $15K per Tonne would achieve $1.5M

It doesn’t look improbable to me working 3 shift 24/7.

We just need to fix the tin recovery problem first.

The tin concentrate grade for Q1 2021 was 56.6%
The tin concentrate grade for Q4 2020 was 56.3%

So that would command around $19,600 per tonne if we are paid pro rata.
80% of that would be $15,680 per tonne if we have the same deal as with the Tungsten, which would seem more likely.

GUG

“ Tin Concentrate production in July was 7.9t”

Actually that was August’s production for tin concentrate. July was 9.8T which, itself , was 33% lower than June.
Approximately 5T of the 7.9T produced in August was held over from July for reprocessing due to it being low grade concentrate.

So June produced approximately 15T tin concentrate
July produced approximately the same as June (9.8+5)
August produced approximately 2.9 T tin concentrate (7.9-5)

Certainly looks to me like they’re experiencing problems with the tin production which is not affecting the tungsten recovery.

Looks about to take off again.
Must be the Fed.
Again.