RE: Buying @ 0.206 Oct 2023 15:51
Nil Brainer
06/10/2023
15:00 gold finger 1: first lead/zinc shipment from its Tajikistan operation to commodity firm Trafigura will be completed this week.
This week, so we may get a rns monday confirming the shipment. Shame it never left before the end of Q3 so it could be added to the Q3 production report.
it also said.
fund future expansion capital costs, drilling and mine development costs. Notes that it has begun commercial lead and zinc production at Baita Plai, while drilling continues and it plans to extend its licence in 2024.
So we now also have lead and finally zinc, added to the list of concentrate Vast are producing. I wonder when they will add moly to this list, from BP.
Its a Aladdin's cave in this BP mine.
As for Tajikistan, our partner put up $20m to finance the Tajikistan project. Vast get 12.25% plus the management costs of the site. Not sure what percentage rate they would have got from a bank, for depositing $20m. but at 5% they would have got $1m a year, for no risk. So they would be getting a lot more than that, for their investment. Vast got $1.6m, 18 months ago for the work they put in on that quarter. That was just for management expenses.