RE: BPPM Q31 Nov 2023 08:17
Gem & sandy
Looking at the DMT in July, August and factoring in 20% increase in production for the 4th quarter we could see 700 DMT Q4. This of course is subject to no unforeseen circumstances; break in production, strike, or accidents.
Add the 700 DMT to what is stockpiled we get a DMT=1200.
My question is this! Why has AP stockpiled the ore?
Is this due to take off partner agreements and shipping costs?
How will the creditors view this? Positively or negatively!
I also note that if we continue to ramp up production 20% quarter on quarter we will reach nameplate by the end of H1.
When you drill down on the figures, profitability does not look far away. Q4 figures will be good enough IMHO
Some stockpile ore sold and added to Q4 production to ensure profitability achieved
GLA