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Gday banjop, the website states 10 trucks per hour not 10 trucks...

  1. Chiller
    2,985 Posts.
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    08/06/21
    00:46
    Post #: 53703248
    Gday banjop, the website states 10 trucks per hour not 10 trucks per day. Maybe I have misread the info as 10 trucks an hour is an extraordinary intensive effort. However, if it is 10 truck per hour that is 80 truck loads per day (approx), 15 days gets you to 44,000 tonnes. If VMS could ship 44,000 tonnes every 15 days that would generate revenue of about $20m a month. Sounds good to me, must be a mistake with my calculations somewhere. gla.

    https://www.ventureminerals.com.au/projects/riley-iron-ore-mine-north-west-tasmania/project-logistics-and-transport/
    Last edited by Chiller: 08/06/21
    VMS Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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