that depends on the economics. If the future profits justifiy the purchase price then t/o will happen.
Key input parameters to the DFS include: Capital Cost Estimate A$69 million Operating Cost estimate (per tonne of ore processed) A$84 Operating Cost / mtu WO3 After molybdenum bi-product credits Assuming 75% recovery of WO3 US$115 Revenue / mtu WO3 Source Roskill October 2011. (After APT discounts) US$360 Annual throughput of ore 400,000 tpa Tungsten recovery 75% Molybdenum recovery 77.8% Scheelite concentrate produced annually 2,200 tpa Molybdenum concentrate produced annually 1,250 tpa
Let's simplify and just go with $ 200 profit per mtu.
annual profit 80 million, current MC 30 million ( including AIM ), so it would make sense to take us over for up to 6c / 4p. Even if the set up costs for a mine would be 100m, after 2 years they would break even.
That's why I am buying, it is extremely undervalued. But explain that to the impatient and uneducated.
THR Price at posting:
3.1¢ Sentiment: LT Buy Disclosure: Held
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