Post the 2 new furnaces.if average margin pertonne was 250 aud....

Post the 2 new furnaces.

if average margin pertonne was 250 aud. Which is conservative. 4000 kwh per tonne of silicomanganese. Marginal producer cost is 7.5cents per kwh. 4 cents difference means 160 usd per tonne, about 250 aud per tonne. If markets r good it could easily be 400. If its really good it could be 600.

600000 tonnes would give 150mil aud. This is super conservative and doesnt take into account ferrosilicon and silicon metals higher margins. It also hasnt taken into account the electricity heat recycling that can generate, if im not wrong, 16 MW of electricity. Also not considering the 2 new furnaces wont be paying for electricity as its going to be coming from inventory.


if management was competent, they should have the refinancing handled and tax issues ironed out latest by mid next year. Then build the 2 new furnaces. 2025 will see an explosion in cashflow and profits.

if they were competent, they would have built the heat recycling extensions years ago. But they havent, they sat on their asses. Like the tax issue, had 7 years to get it resolved. But there r still outstanding issues.


but this has been the story for the last 5 years. Always some bad decision that affects their profits in a major way.

tailing retreatment plant has been a cash sink for 4 years and still isnt producing what was promised.