Is Fangra another phaser? ᅠ.
Pankara had a nominal capacity to produce 6,000 kilos of silver per year, but each year it tried to increase production. In 6 months of this year, it produced about 4 thousand kilos of silver, which is 74% more than the corresponding period, and the production of the entire year may even reach 7 thousand kilos.
ᅠ.
The price of silver grew nicely in these years. The average world price of silver rose from about $24 (per ounce) in 1402 to $30 in 1403 and $53 in 1404, and the company was able to increase its dollar sales by 70%. The company's profit increased from 113 billion tomans in 1403 to 612 billion in 1404, and this year's 6-month profit increased by 746 billion tomans from all of last year. Of course, after peaking at about $91 in January 1404, the silver has recently fallen and is now at $50.
ᅠ.
If we assume a production of 6,500 kilos this year and 7,500 kilos next year, and money next year is 60 dollars and the dollar is 350,000 tomans, this year's profit is estimated at about 1.5 metric tons and next year about 2.6 metric tons.
ᅠ There is a rumor in the market that the company can triple the capacity. The company stated that it is looking for a contract and the details should be referred to the prospectus and valuation, but no such thing can be seen there. At the introductory meeting, the managers said that they are receiving approvals, including the environmental permit, to increase the capacity from 6 to 16 tons. According to them, from each ton of soil you can get about 40 grams of silver, and this number is between 200 and 1,300 grams in lead concentrate.
ᅠ The weakness of the company is that it does not have a mine and needs to buy concentrate. The large shareholder also offered each part of the chain separately, while in - we see the complete chain and it is not as ambiguous as Pankara.
ᅠ Value investment.
ᅠ.