RE:RE:RE:Concentrate processingI’m also surprised by Asia but it’s make sense if more cost effective and closer to end buyer...
the lag time is interesting, same slide says 20T per container. If they ship every time a container is full, 55% concentrate takes 14 days to fill @ 2700 TPD, 20 day shipping(?), 30 day payment terms so 2 months between pulling out of ground and payment.
27k unsold must be partially due to this lag so 1/3 of production delayed but no biggy once they get steady production.
I’m expecting -110,000 ounces sold in Q4 based on back of envelope math and by the time they report they should have sense of first 2 months production + prior unsold.