OTCPK:AUMTF - Post by User
Comment by
bigopson Dec 22, 2021 12:53pm
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Post# 34255006
RE:RE:RE:Filter-Sand for Industrial Application
RE:RE:RE:Filter-Sand for Industrial Application Ace...that is exactly what I was thinking the sand was going to be used for -- the sand they are using is frac sand grade sand which typically means it does not clog up and is porous and will allow liquids to flow through the grains -- I think Frac sand once it is washed and dryed and sorted into whatever calibre sand it is - sells for $100-$140/tonne....so i figured that they would not need to sort, clean or dry this sand if they are using it for filtration - most likely in tailing pond and other such related applications. That is why I think it will probably sell for 20% of finished product or $20-$25/tonne....could be a bit more or a bit less - not sure. Any way you slice it this deal is absolutely massive for this company. The revenue from this deal is likely larger than the market cap of the company right now.