hartleys backyard i hear?, page-4

LOL Krusty, I wish, number 19 has 11m stocks. If I sell my house over the weekend, I might catch up with him in a day or two.


LOL PT

I prob hear more on this one through my own backyard grapevine LOL

TB talked about a few plans he has to really shore up the register, but wont go into it until I see them released in anns

re operation side, pks was right, they were making 10% margin, but aiming to improve to 20%, 8 bucks per kg is the latest figure they are making, I think, on the finished product. so the 2nd cappaign run of 133 tonnes of ferrotungsten production added $1m to bottom line with further production ramp up planned through to end of Dec.

didnt ask how many tonnes of ferrotungsten they plan to produce per qtr/yr

Mt Mulgine & Big Hill will provide future feedstock downstreaming through their own refinery.

Mt Mulgine drilling campaign of $500k is already prepaid, so no cash out of kitty for that. I think he did talk about some goldie having exploration rights over the gold, but didnt do research properly before I called, so didnt really pay attention to this part.

was still daytrading when receiving the call, so kinda hurried it along, shoulda asked more questions

but you get the idea how profitable of an operation they are running over there, well for a 20 odd million cap company anyway.

long termers here might know better what planned level of ferrotungsten production is per year

currently they are sourcing feedstock concentrates, more supply security when they bring Mt Mulgine & Big Hill online, hopefully in not too distant future


btw PT, flip me an email