MNH currently producing 10,000 tonnes per month. Revenue for Q1 could reach 40kts as they will be ramping up production. If this is the case and the price of manganese stays above at $400/t or thereabouts, 40kts of concentrate (Lumpy) being produced at a grade between 35% & 40% with a metallurgical recovery of 90% then revenue calculation for Q1 should be:
40,000x90%x37.5% = 13.5kts MN. 13500tx$400/t = $5.4m revenue $5.4m x 12% = $650k revenue for PREM's 12%
I didnt say its going to do 300%. I said it will go from 10,000 tonnes per month to a rate of 40 tonnes per 3 months. Thats only an increase of 33% at current rate. MNH was producing 5,000 tonnes in Dec.
MNH currently producing 10,000 tonnes per month. Revenue for Q1 could reach 40kts as they will be ramping up production. If this is the case and the price of manganese stays above at $400/t or thereabouts, 40kts of concentrate (Lumpy) being produced at a grade between 35% & 40% with a metallurgical recovery of 90% then revenue calculation for Q1 should be:
Yes whatsit, it surely does up new doors. Also, you need to ask why would the Zim govt grant the EPO if there wasnt a JV partner waiting in the wings to fund the development at Zulu lithium.