Phase 1 timescale11 Dec 2018 12:19
Just read the last few rns’ and can’t find mention of the timescale of phase 1. I take it they are intending to use the proceeds of their estimated 60T of tin concentrate to fund the expansion into phase 2, but can’t see any figures or costs relating to the expansion. And what an expansion it will be ! 91 x phase 1 production by my reckoning (60-5000T. Per annum) ......so if they can get us there, a VERY worthwhile wait! I would like to know more about timescales though. I’d also know why there is a discrepancy of 10% between the phase 2 tonnage mentioned in RNS 5594J and the operational update ? Possibly just a mistake, but 10% is a lot, hope someone can clear that up. Got a very good feeling about this one as a long term punt.