Member Info for L200

I didn't think the grade made a difference to the price, but can you explain the drop from $265 to $150 ?

As you correctly pointed out they don't give the price they are receiving.
As below I worked it out from $3m revenue divided by 200 tons.

You could be correct.
It just seems a huge drop from $265 to $150

I am only going with what MM has said several times.

I don't have a bloody clue !
I am also very deep in Ormonde, they are much closer to major production and their price has fallen back !!

The APT price at the moment is $260- $270.
Is it because of the low grades at La Parilla ?

Instead of guessing at the APT price, ie $200 per ton.
MM has already said by the end of the year we should be producing 200mtu per month, he has also said that gives $3 revenue a month.
That makes the price we will be receiving $150 per ton.
I had hoped someone would have asked the price we are receiving at the presentation.

I would be astounded if it is 8000 Hectares, that is about 20,000 Acres !
That would involve a lot of landowners.
You could be correct.

Just looks like a large sell to me, hence the further drop in the sp
If it was a transfer then it would not have affected the sp

It would be very helpful if we knew the price we are receiving for the Tungsten.
Perhaps someone could ask, I would not be surprised if he said it was confidential.

Good point Getinthere, but if you look at 2020 it is around the $18m Ebitda.
So for a full year it is $1.5m per month.

You go with your made up figures and I will stick with the figures that Wres themselves came up with !

Taken from the Wres project financial overview, Ebitda for 2019 $15,216.m
Divide by 12 months = $1,268m.
That includes the Tin !
Where you get your $3m, I don't know !

While you guys are debating politics, the share price is down over 3% !

The Wres presentation page 24 (Project financial overview)

It is not my guess work, the figures are there for anyone to look at.Could be the mkt has looked at the figures, and decided 0.475p is about right for now.Most on here think we will be making $3m a month EBITDA, but Wres themselves are saying it will be less than half that figure !You are correct , we will have to wait .

K3,
I am also using the Wres presentation figures.
They have printed a Tungsten price of $245, but the figure if you work back comes to about $170.
A lot less than your $300

$300 mtu, you having a laugh ?

Safety,
Remember the $3m is gross income, not profit.

That would be illegal !!