Read this from a trusted and high end Almonty poster.
The numbers are crunched way and beyond what you can offer.
I am reposting my spreadsheet number to highlight the numbers to focus on as the colors were not copied when I posted it the first time..
My Spreadsheets Numbers | 2028-F | Combined | Sangdong | Difference |
|---|
| Revenue | $166,695,170 | $117,259,380 | $49,435,790 |
| Total Operating Costs | $77,519,388 | $46,667,780 | $30,851,608 |
| EBITDA | $89,175,782 | $70,591,600 | $18,584,182 |
| | | $0 |
| Depreciation | $23,386,731 | $14,732,906 | $8,653,825 |
| Corp Taxes | $8,360,968 | $6,132,483 | $2,228,485 |
| Sustaining CAPEX | $0 | $2,836,907 | -$2,836,907 |
| Profit | $57,428,083 | $61,622,210 | -$4,194,127 |
| | Sangdong's Profit/Free Cash Flow Overstated | Other mines lost $4M --- Ah NO |
| | | |
| | | |
| | | |
| | | |
| 2028-F | Combined | Sangdong | Difference |
| Revenue | $166,695,170 | $117,259,380 | $49,435,790 |
| Total Operating Costs | $77,519,388 | $46,667,780 | $30,851,608 |
| EBITDA | $89,175,782 | $70,591,600 | $18,584,182 |
| | | $0 |
| Depreciation | $23,386,731 | $14,732,906 | $8,653,825 |
| Corp Taxes | $8,360,968 | $6,132,483 | $2,228,485 |
| Sustaining CAPEX | $0 | $2,836,907 | -$2,836,907 |
| Profit | $57,428,083 | $46,889,304 | $10,538,779 |
- Sangdong's actual Profit/Free Cash Flow is $46M.
- But ALL is Still Good.....and I am accumulating more shares.
The next post with updates :-
RE:RE:RE:RE:RE:RE
rocessing plant taking shape
- For sure there is a lot of nuggets in this PR
- Sangdong Downstream Extension Project: I am not sure if the $50M includes the building of the Tungsten Trioxide Plant and the Sangdong expansion, but I presume it does.
- Tungsten Trioxide Plant:
- 3,000 - 4,000t p.a. of WO3 is required.
- Sangdong at full capacity and after Plansee gets their share, every spec of tungsten dust will be diverted to the Trioxide Plant. There is no extra to sell to anyone else.
- Under max capacity, the most Sangdong can provide to the Trioxide Plant is 3,600t.
- I don't know how much the recycling industry will provide but I would guestimate it to be approximately 5%-10%.
- Occasionally tungsten would have to be diverted from other Almonty's mines. Also serves as a contingency plan.
- The other thing to note is the purity of WO3 required for Semiconductors. Some examples of WO3 purity is in the range of 97.00% - 99.95% plus. Semiconductors require 99.95% or greater in purity. The higher the purity, the more costly it is to produce, however Almonty's markup will be huge as well.
I did some number crunching...... I calculated the mark up of the WO3 to be equivalent to 50% higher than the current price we are receiving for our tungsten. This is a conservative markup considering the cost of producting WO3 requires tungsten to be converted to APT first and then converted to WO3. The mark up is generally applied after these costs have been calculated, so I took a short cut since these costs are unknown at this time but wouldn't be far off from the current APT price.
| Before Veritical Integration | | |
|---|
| 2028-F | Combined | Sangdong |
| Revenue | $166,695,170 | $117,259,380 |
| Total Operating Costs | $77,519,388 | $46,667,780 |
| EBITDA | $89,175,782 | $70,591,600 |
| | |
| Depreciation | $23,386,731 | $14,732,906 |
| Corp Taxes | $8,360,968 | $6,132,483 |
| Sustaining CAPEX | $0 | $2,836,907 |
| Profit | $57,428,083 | $46,889,304 |
| | |
| After Vertical Integration | | |
| Profit from Plansee (45%) | | $21,100,186.80 |
| Profit from WO3 (55%) at 50% Mark Up | | $38,683,675.80 |
| Total Profit | $70,322,641.60 | $59,783,862.60 |
We are looking at a minimal annual profit of $70M per year.
