With plant commissioning/start up in October 22 I doubt we will...

With plant commissioning/start up in October 22 I doubt we will see too much in terms of Garnet production and sales numbers until at least March or June 23.

If we work on that estimate of 130,000 tonnes per annum after the plant is up to steady state production levels, then apply varying AUD $ per tonne profit assumptions we've got potential for:

-$100 profit per tonne = $13,000,000
-$200 profit per tonne = $26,000,000
-$300 profit per tonne = $39,000,000
-$400 profit per tonne = $52,000,000

Then assuming stage 2 is approved, completed and ramps up to the estimated 300,000 tonnes per annum we've got potential for:

-$100 profit per tonne = $30,000,000
-$200 profit per tonne = $60,000,000
-$300 profit per tonne = $90,000,000
-$400 profit per tonne = $120,000,000

Quick search on Garnet pricing in AUD you've got $40 for 1 x 25kg bag ($1,600 per tonne equivalent) through to $800 for 40 x 25kg bags ($800 per tonne)

Unknown:

1) the lowest sale price per tonne (assuming that the sale price per tonne reduces the more that is being sold/purchased)

2) the average quantity of Garnet sold per transaction (i.e 500kg, 1 tonne, 2 tonne, etc)