Costs per Tonne: 1) Mining and Processing: $25/t; 2) Ore upgrading Pseudo-rutile to Synthetic Rutile: $100/t; 3) transport: $15/t; 4) shipping cost (90% recovery): $30/t X 0.9 = $27/t
Total cost: USD$167/tonne ore
Profitability per Tonne: $800-$167=$633/tonne ore
Assuming 500,000 tonnes of ore processed per year: $633 X 0.5m = USD$316 million (excluding tax, royalties, interest payments) - highly profitable with its high rutile content, assuming steady market conditions and efficient processing.
CAPEX I think around USD$160-200 million.
PTR Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
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