Sounds about right. I'd allow for some plant downtime and shutdowns etc too. Maybe 90% of nameplate, so 495tpa and another 200k for repairs/parts of a plant this size.
14,440 X 495 = 7,147,800 -200 = $6,947,800
Is a pretty conservative estimate. The owner operate, plus AUD weakness and Tin strength goes straight to the bottom line.
We won't really know what they can achieve until they've had a solid qtr of operation with consistent ore grade, but it's looking good on paper
ANW Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held