ADY have ( I believe) two more Wisco 06 contract shipments to go including this months.
ADY presentation states:
"Apr 2008 – commence 2008 contracts – shipping from Caleta – 2 x 45,000 per month FOB Contract basis $75.55 per tonne FOB at 63.5%, plus spot shipments"
So I get a prod revenue number of $4.2 mill per month (approx) after Wisco 08 shipments commence with the 63% (partner) deduction included.
Does this make sense? Have I missed something? What other revenue have they got coming in until the Shougang contract monies in approx June/July? Wasn't there some Lithium contract monies due soon also?
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
