AM7 owns 100% of the Swanson Tantalite Mine, completing FS on project, to go into production within next 12-14 months. CAPEX $10M to process (my guesstimates) around 1,000 tonnes per day, to produce around 72,000 kgs of tantalite oxide x US$243 kg = US$17.5M annualized sales.
OPEX will be very low as the stuff is concentrated by gravity separators. Producing a 25% Tantalite Oxide concentrate.
AM7 has already produced commercial bulk samples for due diligence for generating sales and possibly assisting with funding CAPEX and start up OPEX.
Our end product is also coming from a conflict free source.
My comments come mostly from IR generated by AM7. EV of $25M (or more) is IMHO on the light side.
AM7 owns 100% of the Swanson Tantalite Mine, completing FS on...
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