A quick back of the napkin calculation based on the increase of 784,400 mtu of 100% WO3.
Assuming all is mined.
784,400x0.75 =588,300 WO3 extracted (75% extraction rate(closer to 80% but we will leave it as 75%))
588300/0.5= 1,176,600MTU - converting extracted WO3 to 50% concentrate MTUs
current APT price $340 USD -> $488 AUD
discount for concentrate price vs APT price 77% 340*.77= $262 usd -> $376 AUD (unsure if 77% is correct, but hopefully close enough)
$376*0.57= $214 AUD per MTU of concentrate produced. 0.57 is the conversion between 88%APR contained WO3 and 50% contained WO3 concentrate
1,176,600*$214= $251.8m AUD - The revenue added from this increase in resource based on very basic calculations/assumptions. Let me know if I have anything incorrect.
EQR Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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