moweman, you are mixing your numbers up.
to produce that 1180t they are treating approx 340,000t of ore at $20/t margin. surplus of about $6.8m pa at start up prices.
1 tonne of WO3 is currently worth about US$20,000 with costs of about US$13,400. hence a nice little margin.
one thing you have to consider here is that whilst cash costs have probably increased significantly over the past 2-3 years the WO3 price has gone backwards, making a lot of other projects look pretty marginal at these current price levels.
do your sums when WO3 hits US$300 mtu. the number look pretty impressive.
ann out, page-3
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