RE:RE:Fluorspar revenues: 52,8 million USD per annum!.Mike Kachanovsky on the fluorspar: I was not aware until today that if Ashram is developed into a mine, the fluorspar by-product output would make this the second largest producer in the world, and the spot price for fluorspar has tripled in the last few years. This is gravy as the REE production would be operating for more than 20 years and become one of the top sources for several of these elements. Getting there is the challenge but if they can raise the money to get this mine into production it will be one of those long term return stories that keeps paying out. cheers! mike https://forum.mexicomike.ca/viewtopic.php?style=20&f=2&t=12167&sid=ecb938ea0bddbb880c6e0b4facbb8330#p217602
thairat wrote: Hazen labs is working on the fluorspar as we speak. This is likely to be the next specific that we can give. As you know, we have Part 1 of an MOU with Norfalco /Glencore already, and this upgraded fluorspar is essential to finalizing the agreement.
Of MAJOR importance is that fact that this valuable fluorspar by-product was never factored in to our original PEA. In other words, our economics should be even better than they were before.
hattip alldutch: 8% of 4000 tonnes = 320 tonnes Let's assume a price of 550 USD per tonne. So that's 176K USD per day 230 days a year. This means that the facility runs only 7,5 months a year (out of operation for 4,5 months a year). To me this seems inefficient. But we should ask Chris. Let's assume 300 production days a year. Fluorspar revenues = 52,8 million USD per year (=300 x 176K). They have the fluorspar by-product almost for free. But lets assume it costs 12,8 million a year to upgrade it to acid-grade. This would mean a profit of 40 million USD per year. This will add about 0,3 billion USD to our market cap (NPV).