WLF wolf minerals limited

They reckon they averaged 500 mtu's a day on some days in June...

  1. 35,683 Posts.
    lightbulb Created with Sketch. 2327
    They reckon they averaged 500 mtu's a day on some days in June
    My guess is a mtu is 10 kg of Tungsten so 1/100 of a tonne
    guessing Tungsten is worth around US$23K a tonne so 1 mtu worth $230 really need this confirmed !
    230 * 500 = $115K a day or US $10.3M a quarter which does not seem much more than they have been achieving anyway although I have not included any Tin credits .
    Of course this is just back of the envelope and probably naive ramblings
    The massive debt is a concern really hurts the EV .
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.