PG,Actually, I wouldn't mind the calculations. Has anyone here...

PG,

Actually, I wouldn't mind the calculations. Has anyone here done them yet? Here's my old calculations using the old figures:

5 tonnes per mtu, so 400,000t is 80,000 mtu per year. Cost is $130 per mtu (assuming this is using FE and MO as credits), sale price is $360 per mtu, so $18.4m profit per year. Payback in 3.5 years (or less with higher surface grades).

Since then, we've had a 25% increase in resource and a 18% increase in recovery (67 up to 85%). How will this impact profitability?

What do they mean when they say "A$900,000 in additional revenue per each 1% of tungsten recovery"? Do they mean $900,000 x 18 = $16.2m per year?

If so, then adding that to the original $18m per year, we get $18m + $16m =

$34m per year gross profit (roughly).

Of course, this doesn't include increased Tungsten price, cost of floatation step, and other new details.

NB: I'm no expert, so corrections most welcome!