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Gopher your calculation is missing some parts. 1.161m MTUs...

  1. plonka
    1,200 Posts.
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    16/09/22
    15:28
    Post #: 63742285
    Gopher your calculation is missing some parts.

    1.161m MTUs =11610 tonnes of PURE WO3 in ground.

    From table 6 page 9 in todays ann the total tungsten Recovery assumed is 80.3%

    11610*.8=9288 tonnes of contained WO3 extracted from the ore.

    We can then convert the extracted 9288 tonnes of WO3 into 50% concentrate tonnes. 9288*2=18576 tonnes of 50% concentrate.

    And like you have used the concentrate price assumption from page 3 of todays ann gets us the figure of $16,767 for each tonne of 50% WO3 concentrate.


    18576 * $16767=$311.5mil AUD revenue




    Last edited by plonka: 16/09/22
    EQR Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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