Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Put me down for 235 :)
Yep, looks correct based on the assumptions of price and grade :)
ATP is now higher than it was when I asked the question :)
For anyone newish to this board / discussion the following formula for calculating what we recieve for a 20 ton bag was confirmed by wres investor relations a little while ago. Hope it helps:
20 tonnes x 100 (to convert into MTU) = 2,000 x $250 (current ATP price) = $500,000 x 80% (offtake agreement) = $400,000 x 67% (to account for the grade) = $268,000
Morning GIT, put me down for a combined 80t. Thanks
OK so I've had another little nibble.. ;)
Cool, nice to wake up to a bit of good news :)
There's nothing wrong with healthy scepticism, but for me, on balance, this is a show of confidence from a person who knows far more than we do about how well the production process improvements have been. And on that basis I've added a few more..
Good call OMR :)
This is really reassuring :))
I'll go for:
Tungsten 110 tons
Tin 35 tons
Hi All,
Annual OPEX was projected in the investor evening presentation (14th May 2018). Fast forward to 17 mins in the below video and we can see the 2019 and 2020 (originally the time scale for T2) OPEX are circa $18m per annum or $1,500,000 per month. (If anyone can provide a more accurate/up to date official figure please do and I'll re calculate.)
https://wresources.com/2018/05/14/tpi-investor-evening-2/
With OPEX at $1.5m per month and with an ATP price of $260 per MTU we would need approximately 100-110T WO3 concentrate (dmt)
(Calc:- $,1500,000/$260 (Current ATP price) = 5770 MTU/0.8 (to account for off take agreement)= 7212/0.67 (to account for grade(67%))= 10,764\100 (to convert to dmt) = 107 WO3 concentrate (dmt)(i.e. 100-110 dmt above)
In addition there is the debt which there seems to be broad agreement stands at roughly $500k per moth. Using the same calc as above would suggest 35 WO3 concentrate (dmt) per month.
Overall thats roughly 135-145 (dmt) to cover OPEX and debt,
These are obviously only ball park calculations and there are differences between what was projected by the company and the current reality on the ground. I do think it's useful to have a broad agreement/understanding so that expectations can remain realistic and that when production results are posted we can make reasoned assessments on how well the company is performing.
Hi Safety,
I also noticed this in the Q4 production report, relating to our tin shipments:-
“ Whilst the tonnage of tin shipped in Q4 was lower than Q3 it was a very high grade (57% compared to 31%) and therefore commanded a much higher price than previous shipments. ”
I suppose we need to draw our own conclusions. Perhaps re read the post written by the mining engineer on the 14th jan. his calcs were very similar to those of option b.
Hi all,
This issue has been bugging me. It seems we have had two schools of thought on this board as to what we receive in payment for each shipment. So I thought I'd ask Paul at WRES (investor relations).
Below is my email followed by his response. I hope this helps everyone when they are doing their calculations.
Hi Paul,
I hope you can help me, I’m a little confused and it seems like it’s a confusion that is common amongst us PIs.
I’m an investor in WRES.
I’m trying to understand how we get paid for our product / shipments.
If we ship a 20t bag of concentrate will receive:-
A: 20 tonnes x 100 (to convert into MTU) = 2,000 x $250 (current ATP price) = $500,000 x 80% (offtake agreement = $400,000
Or
B: 20 tonnes x 100 (to convert into MTU) = 2,000 x $250 (current ATP price) = $500,000 x 80% (offtake agreement) = $400,000 x 67% (to account for the grade) = $268,000
Or am I barking up the wrong tree entirely?
Thanks for your help.
And his response was:-
Dear XXXXXX
I'm pleased to say you are not barking up the wrong tree at all.
Option B is the correct answer to your question.
Best regards
Paul
The question I answered was the one asked by wasp at 13.35 “So keeping it simple then. How much Tungsten do we need each quarter to cover the interest on the loan?‘.
Hi Wasp/GUG,
Here's my workings:-
$60m (debt) * 12%=$7.2m / 4 (quarters)= $1.8m per quarter
We only get paid for the WO3 content so: $1.8/66(est grade)*100= $2.7m ish
We only get paid 80% of the marker price so $2.7/80*100=$3.4m ish
So, $3.4m ish / $250 (est market price) = 13,636 mtu = 136.36 dmt (ish)
Hence 130-140 per quarter.
I did calculate, pretty sure I’m correct, will post later if I get time.
Per quarter
Hi wasp,
It’s 130-140 dmt depending upon the grade and the price per mtu.
Cheers
Does this sound right for our current standing with Atlas?
Atlas facility £4m
Wres have drawn £1m and have £3m available to draw if needed
Atlas have converted £400k leaving £600k available for them to convert at "95% of the selected 3-day VWAP in the 15 days leading up to issue of a conversion notice by Atlas."