GREY:XEBEQ - Post by User
Comment by
tamaracktopon Sep 01, 2022 10:20am
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Post# 34935161
RE:tamaraktop keeps bashing PYR
RE:tamaraktop keeps bashing PYR Thinkbig has posted 14 times on Xebec's board in 1 day
September 27:
"The first plant, which will be built after securing a contract to process dross residues, has already been identified within the Gulf Region and discussions to secure and process those residues have already taken place. This facility is expected to be designed to process approximately 25,000 tonnes of aluminum dross residues per year and convert these aluminum dross residues into high margin products with an expected selling price of between USD$200 to $450 per tonne."
25,000 tonnes @$200-$450 is $5 million to $11.5 million. Gross Revenues, not profit
It's a 50/50 jv, and its not going to happen today.
PYR's share of revenues will be $2.5 million - $5.75 million a couple of years down the road, maybe.
What will the margins on that $2.5-$5.7 million be?
How much will it cost to build a plant, and where are they going get the money?
They have $1.6 million in cash and lost $13 million in the last quarter?
I wouldn't get overly excited
The company needs money yesterday.
You're a novice.