OK, let's look at those figures provided by the company...
44,600 pounds per shipment
53% of which is Moly, or
23,638 pounds of Moly per shipment, on average
Average market value of approximately $660,000 per shipment
7 shipments YTD
$4,620,000 gross income YTD
$4,620,000 gross income YTD
0.291667 part of year (3.5 months/ 12)
$15,840,000 Annual Cash Flow at the current rates of production
That is a 50% increase in gross income versus 2007 income of $10.4 Million! All while the Moly price is less than the average for 2007 ($31.30). With production ramped up to 100 tpd, Ashdown has the potential for $20 to $22 Million of income.
Looks like these guys know what they are doing and have a good production team! Imagine if they translate that success to the Gold Mine at Mineral Ridge...
H3
Note: with the 660K per shipment looks like average Moly price received is $24.78 |
