re: sbj and snoop
MBG produced 315 tonnes of tin last quater. At an average spot price of $8k au, so revenue is in the $2.5 million per month range multiply by four quaters and it equates to $10 million revenue ov approximately 315 tonnes of tin produced per quater. Whatever the case, when the second plant is commissioned I am looking for a minimum of 500 tonnes of tin per quater at an average tin price of $8k per tonne.
So potentially at minimum I'm looking for 500 tonnes of tin per quater * $8000k per tonne spot price * four quaters = $16 million.
Now with production costs, It's very hard to say, but I'll allow an overall 60% for all production costs and the bottom line figure is $9.5 million profit(?). Thus with the second plant being commissioned, a fair market cap (pending on sentiment of metal prices) is in the $50 million range or 12c per share. Sound feasible to you ? Regards.
