Why is this stock trading at 12 cents?Why did they need to raise...

Why is this stock trading at 12 cents?

Why did they need to raise over 10 million?

Why, because Wolfram is not profitable!


Total operating revenue at an 80% recovery on Mo & WO3 and a 25% recovery on Bi yeilds

$20.5 million per annum

Now this figure is inflated somewhat because they have a offatke with CITEC which means they won't be getting spot prices.

Opex @ lets say $90.00 (remember fuel has rocketed, power costs, labor costs gone bannanas, the old value of $75 is not an accurate reflection.. also the exchange rate has gone up 10 cents to 95, they used 85... this affects the revenue more however)

So total opex per annum $90.00 @ 150K tonnes is $13.5 million

That leaves us with an EBIT of $ 7 million !!!

How much did the treatment plant cost? $32-35 million...

Hmmm mine payback 5 years before they make a profit on the project!

I'm no accountant but im not sure if the CapEx is all tax deductable...

So if that's the case you can throw in an extra year or 2 for the payback...

What about a discount rate too? You don't want to see the NPV at 7.5% becuase its all red...

Enjoy QOL holders, I jumped off this ship when it was sinking, now it is completely sunk...

The figures clearly show its not profitable.

Yes you can argue that the mine life will increase, the thing is though there's not enought output to pull the $$$ in