RE: Bloodbath9 Mar 2020 11:27
I am just trying to understand the numbers here. Trying to work out the debt level is difficult from the RNS It seems to be about $50m with Blackrock, $5m with Santander, $3m with Caja Rural and then some other stuff with spanish investors. Some at lowish interest and the bulk at high 13-15% or so. It is difficult to unravel it all. I am figuring $58-60m. Am I in the ball park or have I missed/overstated something. This looks to be circa $600k/month interest. Rev of $1.9m/month and then productions costs of $1m ($10000 per ton) I am calculating based on 100t monthly production. So a net $300k a month of positive cashflow. Am I right, this mtu /t makes it confusing.
Do WRES get 80% of the Tungsten price or is it 80% of 80% if you know what I mean