Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
4 concentrate shipments in July leading to the $1m revenue. However only 3 concentrate shipments in August.
From memory, I'm pretty sure that the dam would be on the to do list, sadly WRES was overtaken by weather events and it was forced to address the flood.
Broadly speaking 2021 is the new 2020 wrt ramp up.
Putting all the plant issues behind us, ramp up looks like it is going well with Q4 (probably December) month heading towards monthly steady state production of circa 230 tonnes combined. I believe WRES will be at breakeven during Q4.
2022 should be the money spinner with payment of interest and debt and hopefully a refinancing to get rid of the Blackrock usury rates.
GIT
60 tonnes = 60000kg = 6000 mtus. So $936000 revenue.
1 MTU = 10kg.
What did BMN pay for the Enerox shares and what did they receive on their sale. That's the profit or loss in the P&L.
The cash received will be added to cash in the current assets.
There will be a reduction in the assets by the amount identified in the last accounts.
rain in Spain, who'da thought it?
325 tonnes
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes—after rising by 3 last week.
The total rig count is now 500, up 256 from the same time last year—the highest rig count since April 2020, but still down sharply from the 790 active rigs prior to the pandemic.
The U.S. oil rig count rose by 10 this week to 397, while the number of gas rigs fell by 1. Miscellaneous rigs held at zero.
Canada’s overall rig count increased by 8. Active oil and gas rigs in Canada are now at 164, up 110 on the year.
Don't forget Atlas have 1.5m shares @6.4p so at current bid of 7.5p that's a 15% profit if they sell, so still scope for some drift until Q3 update.
OTOH Atlas could wait for further good news in Q3 update before selling any shares.
That said being able to buy at the bid price is an indicator of sp weakness.
T2 infers that the quarterly ROM should be around 500k tonnes ROM.
Other than Q1 2020 none of the quarterly updates have had ROM above 250k tonnes.
So increased ROM, increased/increasing % recovery of WO3/Sn should provide enough scope to get to the 200+ tonnes concentrate/month IMHO.
Let's not get carried away by revenue, it's cash generation to repay the loan and interest is of utmost importance.
No quote to buy 20k shares, have to go direct to MM only , bid is 7.32p.
The last 100k trade @ 15.3p was mine.
Cash generation for Q2 will be around $22m. More than the cost of the 7D and BN8H wells combined.
GIT
Can't argue with the logic @ 10.52am post.
I do hope you are correct.
95t combined
GIT
Using different (but based on avaialble data)methadologies and derivingn similar outcomes givves me confidence that WRES are on our wat.
been on the juice cooking the barbi , so forgive the syntax errores :-)
Q2 ROM was 230K tonnes on 5/7. T2 stage (2M tonnes ROM) is equivalent to 500k tonnes/qtr when working to full capacity on 7/7 basis.
Therefore a further 130k tonnes ROM could be mined on a 5/7 basis so around a 60% improvement. Combined with access to higher grade and improved recovery rates means that (SPECULATIVELY) perhaps 170tonnes WO3 and 35tonnes Sn concentrates . Say 200tonnes a qtr. This figure for Q3 & Q4 would under shoot the annual target of 880 tonnes by around 260 tonnes.
Bottom line: there is massive room for production growth on a 7/7 basis.
6* 30 =180.
Tough one that.