Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
GIT Thanks.
I must have got it in my head that the transport of 10% concentrate from R was a temporary measure. Based on the RNS it looks like that's been the plan all along .
I've asked if Regua will be a stand alone profit centre or will it be a source of ROM feed to LP.
Confirmed too.
GUG
Discussion is about Sn payments based on the more transparent explanation by AFT cf WRES.
So if WRES produce a 56% concentrate WRES receive 94% of the Sn contained, so about 50% of the current Sn price circa $16000/tonne. My other point is that there may be room POTENTIALLY for further Sn recovery towards that of AFT.
Re AFT
So for 65% Sn concentrate AFT receive 94% of the Sn metal price.
AFT recover 60% of the ROM (@ 0.14% feed grade) to produce a concentrate of 65%.
My point being that WRES on Q1 figures, Sn recovery is 44% with a Sn concentrate of 56.6% so POTENTIALLY there may be room for improvement in SN production once the higher grade ROM ore @ 0.9% is processed.
This excerpt from AFT my hepl understanding of how Sn sales are made:
Tin concentrate production for the 2021 financial year totalled 473 tonnes, with 311.7 tonnes of contained tin. The Company continues to achieve an average payability of 94% (referring to the percentage of the contained tin that is paid for in the concentrate). As announced in December 2020, the Company has now switched to quarterly reporting of its production performance, with the next update due in June 2021.
Nameplate capacity was exceeded in November 2020 with an ore feed of 80tph, tin feed grade of 0.139% Sn, tin recovery at 60% and a tin concentrate grade of 65% Sn.
That was one of my questions for the Q&A!
He that sows the wind shall reap the whirlwind...
As is Mary.
I hope he's a miracle worker...
22M shares (in old money) @ 9.34am.
MM topping up?
Disappointing to say the least.
GIT
Thanks for the info.
For the warrants to be worth exercising @ 0.5p the sp will need to be say 0.7p.
So I don't have an issue with extending the warrant life.
Interesting to see that the range of guesses are fairly narrow contrasting with previous guesses.
I hope Bristol is nearer the mark.
GLA
Welcome news re MM share purchases.
125/30
Thanks to GIT, GUG, & Safety Superfly for explanations/information shared.
Thanks to GIT, GUG, & Safety Superfly for explanations/information shared.