Some Positive news20 Dec 2018 12:22
This is in the strategic report
" Raw sized perlite typically sells for US$65-85 per ton at the mine gate but specialist grades can command a higher price."
We know we have specialist grades so i would assume we will get a higher price. The great thing about this is its "at the mine gate prices" so that means we will have no transport costs. A massive bonus! Now we can start talking serious wonga. Perlite production, year 1-3 20,000 tons upto 100,000 tons year at the start of year 4 and onwards. I think we can presume year 2 and 3 will be more than 20,000 tons as it states at the start of year 4 will be 100,000 tons. contract mining the stuff will be at low cost so most of the perlite price will be profit. woohoo!
Just some really quick figures, im guessing at cost of mining and crushing at lets say $20 a ton. so if we say our perlite worth is $90 a ton
Y1 20,000 Tons x $70 = $1.4 Million
Y2 40,000 Tons x $70 = $2.8 Million
Y3 60,000 Tons x $70 = $4.2
Y4-15 100,000 Tons = $7 million
This is just the profit from Perlite