Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Break £1 by Friday?
HWM1 x 2 shifts
HWM2 x 2 shifts
Underground x 1 shift (currently, no reason it can’t be 2 shifts)
So operating at about 1/6 of potential production.
That’s a lot of employment hours to fill, nice problems to have
It wouldn’t have been possible to sell that volume at that price yesterday so obvious buy imo. Bodes well for Mondays trading
Met coal still at $460
That puts the 20 day average at about $410. Sweet
Why sell a share that's marching forward and going to be dividend heavy? I understand profit taking but it's about timing not the number. Lot's of groth to come, we're going to quadruple (at least) our production within a couple of months, when Met coal is at an all time high and demand is out strippng supply. No brainer this one
Excellent post DropD and don't forget the more lucrative (but less volume) underground mining which is to start soon, turning our VolB into VolB+
Fantastic podcast
Currently: 1HWM and 1 Shift = 12,000 short tons of clean Met coal per month
Soon : 1 x HWM and 2 shifts = 24,000 tons
End of March: 2 x HWM and 2 Shifts per HWM = 48,000 tons
End of April: 2 x Hwm, 2 Shifts and underground mining (say 50% of current above ground) = 72,000 short tonnes pcm
72,000 x 12 x $300 (combine posh and basic met coal with discount) = $259,200,000 revenue per annum
More ramp than Evel Knievel, love it
brakes even
That should take the breaks off
Looking very good indeed: we're filling the order, Met coal is at an all time high, wash plant running, second shift coming online, HWM2 on it's way and now we're going underground to get the posh Met coal!
Fantastic RNS. Second shift to meet supply! I better get my work boots out seems like they need all the help they can get
Great couple of weeks ahead, lots of positive news to come. The Sunday Roast team certainly seemed optimistic and I really don’t blame them. This company has everything going for it. RNS tomorrow? News due on a several fronts so highly possible.
Kerchinggg
@pondlife. It’s Bens payday not punters payday
That’s like an RNS game in itself
And don’t forget it’s payday tomorrow. Another fat (and getting fatter) cheque in the bank.
Met coal still rising, costs constant, more production power on the way (rail spur, wash plant, HWM2) = big profits and a juicy dividend
Fundamentals are great and getting better every day. Cash in the bank, news on the way, can't meet demand, about to double supply and quality, met coal price rising and just wait for those new war machine orders to go in
If you turn the HWMs upside down you can mine underground with them, easy really
The posters comments were addressed on the other channel. No need to do it here as well. And if you don’t like my sarcastic posts let me be more direct… I think you know what’s coming.
Wave 1: in groups of 2 or 3 sow seeds of doubt