Post by
ArizonaBilly on Jan 07, 2021 10:58am
Feedback appreciated on this calculation.
Are my calculations reasonable?
25,000,000 pounds per year.
80 pounds per cathode sheet. (I believe that's what each sheet weighs.)
Works out to 312,500 sheets per year or 26,000 per month.
868 sheets per day (30 days) and 36 sheets produced per hour (24 hour operations).
868 times 80 pounds per sheet is 69,400 pounds per day. At $3.50 per pound (currently) that’s about $242,000 in daily gross revenue.
Sound about right? The big questions are how many pounds are being produced per day now and how quickly will MIN be able to get to the 25 million?
Comment by
Tartam on Jan 07, 2021 12:22pm
Sounds about right to me AZ. That, however raises the question why is the stock price not climbing commensurate with all the good news? The company has to get out and let investors know what Excelsior is doing, kinda like peeing yourself in the dark; you know whats going on but nobody else does!
Comment by
fishmillion on Jan 07, 2021 12:51pm
Meathead.. we need you to make another call to the secretive JJ.... find out just what the fk is going on....
Comment by
ArizonaBilly on Jan 07, 2021 1:04pm
JJ just confirmed that the weight per cathode sheet is 100 pounds.
Comment by
Tartam on Jan 07, 2021 1:36pm
As my grandson would say, "that's much more better"!
Comment by
fishmillion on Jan 07, 2021 9:10pm
Thanks billy for checking with JJ..... me.... i take 1 sheet a day x 365 days ... so 365 sheets a year.... at 1.5 lb per sheet ( verified by jj).. for a total production of 580 lbs .... now a forecasted price of $4/lb... or $6/ sheet... should be in the green about $2400....
Comment by
fishmillion on Jan 08, 2021 12:42pm
Or in a whole pile of sheet