RE: Blimey8 Jul 2020 08:52
If we get 150 tons of tungsten in Q2 that would be most excellent. April was kaput, so that means we were banging out 75 tons a month of tungsten.
For that qtr at that output If we got $180 per mtu for tungsten concentrate that’s 180x150x100= $2,700,000 plus we can say there would have been at a guesstimate 40 tons of tin at $1500 (conservative) 40x1500=$60,000.
That would be most adequate to pay cost and finance.
Given that in the quarter to MM’s recent interview we have not had to draw down any money it seems we are covering costs at this time.
Given the current economic, political and societal problems emanating from the Covid 19 crisis, it’s actually quite crackerjack imho. Blimey.