Doesn't make sense though. The WO3 produced by EQR is about 5 times that of G6M so they should have made 5 times the revenue, assuming that the figures in the table are true WO3 in concentrate produced, concentration has been factored in. Timing of receipts could be the problem, and if so, would favor EQR receiving more revenue. If the G6M figures are taken as gospel the equivalent EQR receipts would be 25 million. Very tasty if true, but don't think the table above is accurate enough to draw any conclusions as to this.
The biggest issue I have with the future of G6M, besides the need for capital, is the operation costs per MTU. Energy costs (both electrical and diesel) are very high on King Island, with diesel being some 60 cent per litre higher than on the mainland. The electrical energy, despite some wind turbines and a small solar plant, is dominated by diesel produced electricity, so there is no respite by going all electrical.
EQR Price at posting:
4.1¢ Sentiment: None Disclosure: Held
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