Member Info for mogwhy

"Our production costs are said to be approx $100 per mtu, so at 100 tons our production costs are $1million"
Safety, it doesn't work like that, bud.
At 100 tpm the opex will be be closer to $200 per mtu than $100.
At 24/7 production, most of the opex is fixed cost.

I won't be showing my calcuations.
It's not hard for serious investors to work out from the FID using basic maths.

You're way off GIT.
We need to sell around 110 tpm to break even at the operational level.

Kalan - the projected ebitda at current price levels can pay back the debt in 2 years as it was forecast to do so in the FID.
This won't happen because the debt will be restructured in H1 next year to reduce the interest payments and extend the payback period.
This will give the company the flexibility to get Regua up and running for a modest capex and also to kickstart the T3.5 expansion at La Parrilla.
You are watching a mid-tier mining operation in the making which should reward long term investors quite nicely.

It's also worth noting that the $110/mtu opex figure includes a $12/mtu contingency.
In the recent MM interview he iindicated that around $100/mtu was being achieved.

On an annual basis, that means revenues of $47.2m and ebitda of $20.8m.
All for a current market cap of $20m.

Assuming the opex of $110/mtu is achieved, ebitda of $1.7m per month will be generated.

Tin price has been rising recently.
At the current mid-price for European APT at $235/mtu and spot price for tin at $16,825 per tonne, 200 tonnes of production per month will generate $4m of revenue per month.

Another weekly price rise.
https://www.jupitermines.com/projects/tshipi/manganese-price-information

https://tinyurl.com/s9omgf4

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Current price is minimum of $18,000 per tonne for our product.

From the FID.
"66% WO3 product, realising 80% of the APT price"

That's why we only get 80% of the APT price.
See the FID.

thechaser - the guidance that we've been given by the company is that we get about 80% of the APT price for our concentrate product.
We know that the current European APT price is currently $225 to $245/mtu therefore using the $225 APT price to be conservative, we get a sale price of $180 per mtu.

"A Metric Tonne Unit ("MTU") is equal to ten kilograms per metric tonne"
Sorry Bluebelly, I know you didn't write this originally but that statement is wrong.
A Metric Tonne Unit ("MTU") is equal to ten kilograms.

YugoBoss - wres produces a 66% tungsten concentrate.
So I guess the density will be approx 2/3 of the figure that you gave which was for tungsten metal.

Some idiot troll earlier this year was banging on about the number of blasts per week that wres would have to do to maintain the mining schedule.
At 90,000 tonnes from the recent blast, that would mean a total number of 23 blasts to get 2 million tones of ROM.

Totally agree. The timetable should have been clear.
We should find out tomorrow once and for all.
Unfortunately, some folks will be disappointed.

The alternative view from HL is that you entered the race without knowing how long it was !