There is so much potential why do we have to wait 10 Days to be advised a container has left?
Per the annual report (Page 3) the value of the first shipment was $288,845.60 USD.
This shipment is 15 tonne I believe this is 1,500 MTU at say $280 USD per MTU that’s $420,000.
In the presentation dated 5 March Slide 4 mentions Tailings output of 5,000 MTU per month. (At Say $280 USD that’s $1.4Mil per Mth.) Note in the 22 Feb 2011 off the CNQ website and is not on ASX announcements. Link http://www.carbinetungsten.com.au/announcements/the-tungsten-company
“Tailings, Production 50t Mth EBITDA $5Mil Yr Capex $4Mil Mine Life 2 Years”
As the plant is running at “record production rates approaching designed throughput capacity” I would expect another container to be despatched before the AGM on Nov 8.
It seems to me we have turned the corner and we should receive a detail update before or at the AGM.
I am no expert so I would appreciate conformation of my figures.
Please DYOR.
CNQ Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)