GW1 4.76% 4.0¢ greenwing resources ltd

Ann: Quarterly Activities Report, page-14

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,426 Posts.
    lightbulb Created with Sketch. 504
    it is very unlikely that large flakes (+50mesh or >300microns) at 94%+ purity would be sold at sub 800$ per tonne.

    I asked our management by email, hopefully they may respond.

    Lets come back to the next quarter : assumin they are able to sell the stockpile of 362T + production of 500T at 585$ er tonne, that is approximately 500.000$ of revenues, almost a breakeven level. So I am not worried, even at 6000tpa and this low average price of 585$ per tonne, it is still a profitable business. I am confident we will get more than this price per tonne and the capacity of the plant is higher than 6000tpa.
 
watchlist Created with Sketch. Add GW1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.