Obelisk, your guess is unreasonable IMO. Prices for 65% concentrate hover at around $200 and Carbine's grade is 70% or better. So their product should collect about 250 USD/MTU or more. Largo has published the formula determining their off-take price and this formula provides for a nice premium compared to what is being quoted. And I don't see any reason why Carbine's off-take agreement should be less favourable. After the release of the June quarterly cash flow report we will have a clearer picture.
tungsten first 20 ton cash flow fucture growth, page-45
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