I liked my calculations also
@vmp and was glad to see someone making use of them.. Thanks
@GCar though I'd like to adjust them a little.
In the announcement on the 14th of June the company says they shipped 13,815wmt.
In the last paragraph of the announcement they explain that the 2017 contract is for 120,000dmt
wmt and dmt I believe are key to understanding the revenue the business might be making and this is what I have worked out with my simple layman view..
Based on that general rule we could say that the recent shipment of 13,815wmt might be the equipment of 12,710dmt which is what we make our money on.
In that recent announcement we do not see the grade that was shipped and I would prefer in my calculation of revenue to work with a worst case scenario price but also with Australian dollars.
Google tells me that US$830 is equivalent to AU$1089 today.
The shipment the other day would have a possible value of AU$13.84 million, or quite interesting is to the value of 3.5 cents per share. If they kept to that same level of production annual revenue would be AU$166 million but with revenue per share being at 41.5 cents.
Quite interesting when we consider that the shareprice is currently sitting at $1.64.
Comparing that shipment to the targeted performance of 160,000tpa
160,000 divided by 12 months gives us 13,333dmt per month. Though based on the recent shipment the company is within range of what they say.. 12,710 vs 13,333.
One thing to consider is that the first shipment was only a few days ago and that it will take 9.5 months from here to complete
at the current rate of production being presented.
Another interesting thing to think about is that on a daily basis (at the lower range of pricing) 440dmt is the equivalent of AU$479,160 per day and on that figure means that every 8.3 days we have 1 cent of revenue per share.
None of the above takes into account tantalum credits either.. But it has never been something that the company has been reliant on.. It's just little bonus..
Also the above as a forward looking statement doesn't consider optimisations that the company is considering or might already be working on.
They are just a few things I would point out that have the potential to work in the company's favor.
