Rox, up to this point, we have been using our dred
Post# of 1850
Posted On: 08/27/2015 2:15:22 PM
Rox, up to this point, we have been using our dredges as wash plants in contractual support of local miners (i.e. we don't get all of the recovered material). The dredges have a throughput of about 30T/hr and are not that efficient. With the addition of the big wash plant and loader, we get 10X the throughput. Simply put, if we are at a roughly $50k/quarter revenue, the washplant can put us at $500k/Qtr. Then, with the license in the final stage of signoff, we might be able to secure our own claim and be able to keep even more of the recovered material thereby further expanding our revenue.
In all honesty, without the loader, I am doubtful that they are getting 30T/hr. I would suspect they are processing less than 3T/hr. So, the scale up in throughput could have massive impact on profitability. It all really comes down to closing on that licensing. If I had to guess, they are waiting for the revenue from Parcel 4 to finalize the license.
In all honesty, without the loader, I am doubtful that they are getting 30T/hr. I would suspect they are processing less than 3T/hr. So, the scale up in throughput could have massive impact on profitability. It all really comes down to closing on that licensing. If I had to guess, they are waiting for the revenue from Parcel 4 to finalize the license.
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