Currently we are producing a concentrate of around 50% tungsten right? Are 2 MTUs at 50% worth pretty much the same as 1 MTU at 100%?
Above I was working with 1500 MTUs of contained tungsten(or 100%). If $350 per MTU is at 88% then that translates to 400USD per MTU at 100%. Obviously this is a very simple transfer of value and holds no real world use but would it be fair to say 2 50% MTUs would be valued the same as 1 88% MTU?
Ann: Underground Scoping Study Gives Confidence to Proceed, page-7
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