RE: Are we there yet?7 Jan 2019 12:52
mogwhy, at 200 tonnes per month WO3 production, there should be ebitda of $32mpa at current prices.
20,000 mtu x (($285/mtu APT x 80% concentrate factor) - $94) =$32,160,000.
I believe the loan WILL be renegotiated/replaced when we hit those production figures, but even if we don't, we can afford to repay 3 x $15mpa and still have $17mpa free cash flow. Not bad for a miner with a £30 mcap.