Post by
cupricity on Apr 27, 2023 2:01pm
Downtrend Broken.
I would expect around May 15th how our first quarter is going. a 1 cent dividend per quarter is the same as 500,000 cash expense. This would imply about 40 million in sales from the mine after taxes, G&A, and keeping 20% as a reserve. 40 Million at an estimated 250 Canadian a tonne would be about 170,000 tonnes shipped in the quarter. At 37 tonnes a truck load that would be around 4300 truck loads or about 75 loads a day during weekdays Ramp ups take time but definitely looking forward to each quarter as Dividend growth increases. If I was a running this mine I would be seeking to make sure I got as many customers as possible to counter market cyclicality and spread the risk. At 3 million tonnes a year they will need to move 87,000 37 tonne truck loads which maybe impossible without adding back in the rail system. After 13 years invested in this stock, whats another 2? Incidentally I first bought MOX as ERD for around 25 cents and the share count was about 100 million. 13 years later they split our ERD and our share count is stable. Good management, good project. Patience pays. Time in the market beats timing the market although part of me thinks I should have shed some shares in the 1.20 range. Don't look back only forward.
Comment by
Mackthenife on Apr 28, 2023 6:52pm
I hope you are correct Cup! We will see in short order here. Go MOX go