GREY:SIXWF - Post by User
Comment by
lscfaon Nov 01, 2022 11:45am
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Post# 35063290
RE:RE:RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ Contract
RE:RE:RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ ContractEssentially, there is zero visibility in cash flows for SIXW from this venture. SIXW provides the $50 million in equipment to Magnus at cost plus a slim margin (no impact on share value) and collects an ongoing margin of $15-$20 per oz. on ore processed by Magnus. I can't even find a resource estimate or annual production no. for the penhalonga mine so who know wtf to expect.