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Bullboard - Stock Discussion Forum Ares Strategic Mining Inc C.ARS

Alternate Symbol(s):  ARSMF

Ares Strategic Mining Inc. is a Canada-based junior mining Company. The Company is focusing on progressing its fluorspar projects towards exploitation, production and supplying metspar and acidspar to the markets. Its projects include Lost Sheep and Liard Fluorspar Property. Lost Sheep fluorspar mine is situated at the Spor Mountain area, Juab County, Utah, approximately 214 kilometers south... see more

CSE:ARS - Post Discussion

Ares Strategic Mining Inc > estimate of annual revenue
View:
Post by mingzhu on Dec 30, 2020 10:05am

estimate of annual revenue

original plan
500 ton/day * $520 * 360 days =$93.500,000

now new product line lumps prce arranged from $250 to 500 for natual fluorspar lumps depending on purity. letd assume our processed lumps at $500, the  plan is to 7000/month * 500* 12 month=42,000,000. 
total$135,000,000 * gross margin 77%= $104,335,000.

This is going to be billion dollar company.
Comment by Popeye82 on Jan 23, 2021 9:46am
This post has been removed in accordance with Community Policy
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