African Rainbow Minerals Ltd (OTCPK:AFBOF)
$ 9.775 0 (0%) Market Cap: 1.77 Bil Enterprise Value: 1.41 Bil PE Ratio: 10.55 PB Ratio: 0.61 GF Score: 84/100

Q4 2019 African Rainbow Minerals Ltd Earnings Call Transcript

Aug 30, 2019 / 01:00PM GMT
Release Date Price: $13.6
Operator

(technical difficulty)

and feeding in (inaudible) and we seem to be pretty successful but we're going to bring it in slowly. And obviously, that would have quite a significant impact on the cost. The other thing is that at smelter, we need to -- we do need to buy in a lot of center out of Australia, which is very expensive. And so what we're looking at is defined as you deliver or you generate a significant amount of fines ultimately, albeit we send in lumpy product from South Africa. And we want to convert that lumpy into a type of, I would call it, a center that we've got technology and we're developing and we think we'll be able to do that and that will certainly get the balance of the fines, which we struggle to use back into, let's call it, an artificial lump and feed that into it. So that was -- that's something we're doing, there is a number of other interventions. Sorry, looks like I skipped a page. I'm going to take you back to the manganese ore.

So the disappointing side of Black Rock is obviously the costs. And from our side, we are not too uncomfortable as to why these costs

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