I like your thought process. I'm no expert but my understanding is 50% relates to the grade of tungsten.
40t produced, being 20t to EQR and 20t to Cronimet.
1 ton is 100 MTU.
APT price of $300 USD is at 88%
Not sure what the 50% price is but it's probably about $A15k-$17k.
So probably about $300k to $350k cashflow based on the above.
Moving towards 90t will be great assuming no cyclones and COVID (staffing issues). The wet- screen and 2nd ore sorter will be the kickers towards 90t. They are still be installed.
The open pit will give a grade of 65% which is a higher price.
The pieces of the puzzle are coming together nicely
EQR Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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