Plonka I think there is an issue with the calculation. Not sure...

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scottm

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04/08/22

18:29

Post #: 62929859
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Originally posted by plonka: ↑

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.

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Plonka

I think there is an issue with the calculation. Not sure where. Getting it checked but 780,000 mtu isn't likely to give $214m of cashflow. It would suggest the existing mtu numbers are $bn of cashflow which wasn't in the BFS.

EQR Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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