I calculate it's weighted avergage per t value at $210A. Therefore it should generate $132A/t net. If throughput is 400kt/annum, then this should generate a net operating surplus of $52.8m/annum. This is a money making machine friends. I also understand that the potential for resource extension is considerable. Anyone care to check my maths. I have had a long day; I may have made a mistake, but I do not think so.
where .49/.71*$24500 = the weighted average US$ price of tungsten/t; .22/.71*$68200 = the weighted average US$ price of moly/t; where .0051 = the average grade combined moly & tungsten/t, and where .92 = the exchange rate.
Based on the above, and subject to the financing agreement and off-take agreement, we will get a serious re-rating.
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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