Thanks to all that have replied. I have already looked at stockbroker reports from 2008. Back then the the cost of capital for a 1800 ton per year plant producing WO3 concentrate was $50 million. If concentrate is 65% WO3 and profit margin is $120/mtu(very conservative for 2014) then profit per year is $14million (not taking operating and other expenses into account).
With a partner taking 30 to 40% interest in the project it shouldn't be to hard to get finance for the project when you consider the projections of demand for this vital metal
Ann: Quarterly Report and Appendix 5B , page-13
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