Going in the right direction
Industrial garnet is taking some time to ramp up,
I believe they are already selling product but "claim" commercial once they reach 80% of name plate.
What i am really interested to see is what the results will be from the drilling they did pre Christmas.I believe they intend to drill the rest of the main ore body out which runs north for another circa 9 kms and could take the mine life potentially over 50 years plus.
Keeping it simple ..$100 ebitda per ton multiplied by 120,000 tons is $12million p.a ,300,000 tons mutliplied by $100 ebitda is $30 million pa.
Reoccurring income of this size for possibly 50 years is sustainable and why i am a share holder.
little real substance or detail here for share holders - lets see if they put out a presentation or not which may give some more "colour" on the different businesses
Going in the right direction Industrial garnet is taking some...
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