Member Info for L200

As I said last night he has both his figures wrong.
I don't know where he got his $10 increase from.
The mid price of Tungsten was $235, it is now $237.50, a increase of $2.5, 25% of what he came up with !
And then to cap it all even with a $10 increase , you don't come up with a figure of $1.9m Ebitda.
Is that enough figures for you K3 ?

Yes Safety your figures are correct, but extra revenue is not what K3 said in his post.

Not just 1 figure is incorrect,all your figures are incorrect !
That can be your homework for tonight.
Night.

You got to laugh, a slight increase in the Tungsten price and K3 has put $1.9m on to Ebitda.
Did you pass your maths exam at school ?

Lol
I am away to feed my cattle.

You need to understand the plant is built to produce 200t a month, so when they start 24/7 production they will have all the costs associated with that tonnage, ie around $20m per year, plus the finance costs .

To be fair I have not added the Tin income .

I make it 120t

" 25-30 tons to breakeven "
Are you having a laugh ?

In a way it is good news, because it shows even with all the problems with the clay a new company still thinks it is economical to restart production.

The point I am trying to make is they are going to restart producing Tungsten, more product coming into the market when prices are nothing to write home about.

Sorry Wolf Minerals

Sorry Wolf Minerals

No coment that Wolfe has been bought over by Tungsten West for £2.8m , and they are going to resume production.

Just in after doing 13 hours work today, the joys of being a Farmer.
Not been posting much after I was accused of being a Troll , but I cannot believe nobody has seen the news about Wolfe.
If you are going to invest in a Tungsten producer I would have thought news that one of our competitors has been bought out for £2.8m by Tungsten West would have been top of the discussion today.
I hope the Twats that have filtered me will still be in the dark.

Tungsten prices remain unchanged from last week.

You don't know what you are talking about, it wasn't cancelled !

It is not up 8%, what are you talking about ?

It was obvious there was a largish sell coming, hence you could buy under the mid price.

There is probably a large sell in the background hence the drop in price.
Because we have over 6b shares in issue, I am not expecting a substantial rise in the sp, when we do get a 10% rise then you see the profit takers coming out.