If tungsten is $300 per MTU5 Sep 2018 23:08
Then our ebitda would be $200 per MTU and with production at 270,000 MTU per year which equals 22,500 MTU per month our earnings would be $4,500,000 per month which is $54,000,000 per year.
WRES current market valuation is circa £23,000,000 or $25,500,000 so our ebitda for 1 year will be more than double the current market valuation - the current SP is ludicrous and it cannot stay at these levels much longer, facts are facts the kit is arriving and being installed we are well on our way to production.