My recent readings from PLS was that their cash margin per ton shipped was at least $440. Toward the end of Oct., PLS plans to ship 18,000 tons of spudomene. Straight math that is cash margin of $7,920,000 in that one shipment. Bear in mind PLS was paid $12 mil by Atlas Iron for DSO in the most recent earnings report.
PLS is steadily ramping output up. So the monthly shipping quantity should go significantly higher. Just staying at the 18,000 ton level throws off $ 95,000,000 cash margin dollars per year. You would add DSO dollars to that amount.
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