RE: considering the average sp in quiet times is 34p the recent dip is/was an opportunity...15 Nov 2019 22:35
Looks like a big punter to me, institutes are a lot more discrete although one could have just barged in because to be honest it looks like a bargain....but I think we have all said that before...My thoughts are that we should be around 20-25 % of full production and at a commercial 99.65% purity very soon, before end of the month.
‘ The first major goal of this schedule is to achieve ——-50% of capacity——— for the production of antimony metal and gold. The SPMP team envisages that barring unforeseen circumstances and, subject to achieving the financing discussed above, this initial target will be reached———during Q1 2020——-. Full capacity is planned for Q3 2020.
End of Q1 Is about 4 to 5 months away, break even costs should be before that as the Gold price is pretty good and the Antimony price is recovering.