I see 10 million a month as an unlikely scenario down the track somewhere, the reason i say unlikely is because the company would become a target for takeover prior to that sort of income, assuming the tungsten market remains tight.
The chairmens address mentioned an initial output of 5000 MTU per month for the life of the tailings processing. Based on current price of $460 per MTU, then 5000 x $460 gives us $2,300,000 before costs. Treefeed, this backs your post. The presentation goes on to suggest the monthly MTU will be doubled when we begin stockpile processing and this will have a duration of 5-7 years after the initial 2 years of Tailings processing.
The adrenalin starts to rush when I think of the hardrock mining that will occur and the obvious upgrade of the processing plant. However this is when I believe we may be consumed by a bigger entity, once again assuming the Tungsten supply remains tightly held.
For your digestion.
Banksy
III Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
