Production value11 Apr 2018 15:50
I think there is a lot of confusion between run rate and annual production.
Run rate we are expected to achieve 5000mt/pa or 400mt/month by year end assuming linear ramp up that would be from an extra 25mt every month.
For total production assuming a linear ramp that would average 2500mt for the year, company expects 2250-3000mt so it checks out. Our basket price is $14/kg or $14000/mt so we expect sales revenue of $31.5-42 million for 2018
Obviously this doesn’t take into consideration a strengthening of the basket price that’s been occurring