I agree the dissolution of the JV was a great move and should add circa $2m a qtr our bottom line or thereabouts.
my thoughts previously were the Dec qtr would be average...not a disaster but average as we move towards new crusher, next phase of the ramp up getting sunergies for the lead in head count.
i would look to the march qtr and particularly the june qtr as major profit and cash flow deliverables...Mt Carbine hitting it strides was always proected to be making around $20m a qtr this coming calendar year from memory (Morgans research) and with Spain now part of the equation having a lower cost per mtu than Mt Carbine and output increasing do we see a qtrly profit in the next 12 months hitting $30-$40m? Keen to get thoughts from a few of you. Where are you scottm et al.
i look to Oaktree as invested at 9c...they are not looking for a hobby industry or a 30% return...they are looking at a long term macro driven industry and critical mineral requirement that will deliver them multiple times their 9c per share cost.
smarter men than me in the room
EQR Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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