WLF wolf minerals limited

With the drop in price for tungsten is this mine still viable ?...

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    With the drop in price for tungsten is this mine still viable ?
    Correct me if I am wrong as I am using a tungsten price of US25 a kg of ATP and then using a value of 60% of that for tungsten concentrate produced by WLF
    5k tpa WO3(opimised) * 1000 * 15 = US$ 75 M
    add $7M for Sn credits = $US 82M per annum revenue which seems low if it was the equivalent sized 4Mtpa gold mine even if the strip is 1.5:1 as here .

    A 0.15% WO3 grade using the pricing above seems to be worth around $22.50 a ton ( 15000 a ton * 0.015% ) which would equate to less than a 1 gram a ton gold mine (1,100 an oz /31 = $35 ) even if Sn credits are added back
    I can not think of any gold mines of this tpa that would be running profitably with a sub 1 gram a ton grade .

    Could my pricing for WO3 conc be too low ?
 
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