Anyone Remember this???GabeBuffet wrote: Very simple, Gratomic will be producing product in Q2, that product will be sold.....however from a legal standpoint they can't say "commercial production" until they reach 51% of total production which equals 10,200 tonnes based on (20,000 tonnes) .....which means they'd have to be producing roughly 900 tonnes per month to meet legal standards.....
CEO Arno Brand said, near rhe end of March/2022 that the processing plant will be operating at a rate of 600 tonnes (consider it the calibration and start up phase of Aukam) ..that product will generate revenue. Followed by "Commerical production" which is slated for Q3 for roughly 1,200 tons (per month)....
(I urge management to drop their PFS/Resource estimates)..... if they need to add to their data that could be done at a later date... imo
Nothing has changed, mining license in Namibia, processing plant nearing complete, the +20,000 tonnes will be processed..
Q2 (2022) April-May
600 tons per month x 3 months = 1,800 tons
$2,700 per ton x 3 months = $4,860,000 (Candyman said, "70% of $4.8 million will be deposited into Gratomic;s account in Q2 of 2022..... $3,402,000.0