"The average graphite price over the full range of products to be produced is expected to be A$1,337, based on marketing study by Tech Minerals Consulting Group. Process plant capital expenditure for 50,000 tpa capacity is expected to be circa $33m. Indicative EBITDA at full production in excess of A$45m per annum using the graphite price as supplied by our marketing specialist @ US$1.0425 conversion and the operating costs as indicated above."
I just noticed the exchange rate back then. No one has mentioned the price now in AUD given the conversion at say USD 0.87. US$1400 is around AUD $1600 give or take.
Assuming we are still selling in US dollars the numbers surely look better.
VXL Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held