inxs22Note the following is from some notes I think it was from...

inxs22

Note the following is from some notes I think it was from a discussion after a presentation and could be completely wrong.

Per the following website Tungsten is App $400 USD per MTU.
Lets use an exchange rate of $1.00
Note shipping costs not considered.

http://www.metal-pages.com/metals/tungsten/metal-prices-news-information/

I understand 20 Tonne is approx 1,400 MTU’s

Now the $64,000 question if we discount to say $250 per MTU.

That’s $250 x 1400 equals $350,000.

Therefore a planned tailings production of 5,000 MTU per month was suggested
Therefore at $250 equals $1,250,000 P.M.

Maybe another poster could expand on this I could be wrong.