RE:ChartHello Keecar.
NPK touched $11.50 on April 21 2022, just over 6 months ago. Trading today at $7.10, here is a partial list of the additional information we have in hand today, just ahead of the release of the Q3 numbers on November 14:
- Plant 1 has been consistently operating above and beyond its rated processing capacity of 50,000 tonnes per month
- Plant 2 construction continued on time and on budget, being commissioned on August 31, 2022
- The initial processing lines in Plant 2 hit the rated capacity of 100,000 tonnes per month, with the construction of the remaining processing lines now complete and ramping up to the 200,000 tonnes per month (2.4 million tonnes per year targeted capacity).
- The 14 km single lane road running between Matutina and Plant 2/Mine site has been upgraded to a two lane, all weather asphalt surfaced road which will allow truck transportation to easily handle the planned 3 million tonnes per year output of the current mine and processing facilities.
- Q1 and Q2 production and sales set new highs, Q3 results are expected to hit a new all time high for a single quarter.
- Average selling prices remain above 2021 levels.
- Brazil R$ has appreciated against the Canadian dollar.
I expect to see the share price continue to work its way back to above $10, if not by Christmas, certainly early in 2023.
Interested to hear other shareholder's input.
Cheers,
S.