RE: Break even4 Mar 2020 19:45
Well 100 tons is 10000 mtu. If the the price I gives us $100 mtu after production costs, that gives $ 1,000,000 for the concentrate. Over 12 months that gives $12 million, which is in excess of interest which we could generously estimate at $ 6 million (if we called it $50 million at 12%),
So my theory is at 100 tons a month that leaves us able to pay off some capital, if itβs 200 tons well home and dry.
All relies on production.
If not ; I met him in a cell in New Orleans.