G6M 11.1% 2.4¢ group 6 metals limited

Ann: First Shipment of Tungsten Concentrate Dispatched from DTM, page-14

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    13 tonnes at 69% WO3 is 897 mtu of WO3, not W. To get to contained W you have to multiply 897 mtu WO3 by 0.792 to get to W.
    So it contains 7.10 t of W.

    Tungsten conc is bought / sold by the MTU usually as a percentage of the APT price or as a direct quoted price per MTU WO3 ( assumed to have an assay of 65% WO3 )

    They received/ will receive , very roughly , $300,000 AUD.
    So they received AUD $334 / Mtu or USD $217 / MTU.

    That is a low price.

    Perhaps there is still 15% more to come which would give a price at USD 255 / MTU which is a bit high.


 
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