luckbyjudgement
23 Jan 2015
jobs [link]
ClockWorkOrange
05 Jan 2015
Summer 2015 Just topped up now.. looking forward to some decent returns on this once production starts despite the fall in price.
Cornishknocker
03 Jan 2015
While the Tungsten price obviously has an impact on revenues, what needs to be factored in, that most people seem to fail to take into account is fuel costs. Energy is normally the largest cost element of any mining operation, especially Open Pit operations where the fleet consume a huge amount of Diesel, since the DFS was published in 2011 (Red Diesel was costing 83p/litre then), the cost of red diesel has reduced massively (Currently 52p/litre) and looks set to fall lower. That could result in a 20% reduction in Operationl Expenditure!
smilingmickey1
12 Dec 2014
Re: AIM Delisting There is an article in Shares magazine which points out that tungsten prices (as with most commodities) have been falling recently, As a result it suggests that the price may well fall further. It quotes some current spot prices for AMT in the low 300'sThe Company has been suggesting that by the time they get their production going in H2 2015 the supply demand balance will be changing and prices will be firmer. Maybe this will be the case. However I would not be surprised to see further drops in the price in the short term and maybe more share price weakness.
Cornishknocker
01 Dec 2014
So we're looking at a 20% ore reserve increase WITHOUT the Southern extension (which I can't see not having permission granted for), with no increase in Capex and what should bring a lower strip ratio. That has to be worth 3p on the share price surely?
Cornishknocker
25 Nov 2014
Its not so much production starting in April as start of wet commissioning - basically running the mill up and optimising for the run of mine head grade, this process will output an amount of concentrate but not the production volume once the plant is fully commissioned. I would be amazed if the open pit is developed enough in April to feed the constant ore supply that the production mill will require.
