RE: Morning all.6 Feb 2018 12:56
Krispy, the key issue for me is the cost of the feedstock given the 2.5:1 input / output ratio if it is 1/3 the cost of the finished Antimony product (ie ca $2,800 / tonne) that will deliver a Gross Profit - at full production volumes - of ca $110m or $35m if feedstock is ca 50% the cost of the finished product.
Off which we then need to deduct shipping costs, FG&A, interest costs, depreciation, wages and salaries (for 300+ staff), utilities etc before we get to the distributable (net) profit of which TSTR gets 40%, means the dividend may not be as great as folks claim with the feedstock cost being the major determining factor....