QOL queensland ores limited

is wolfram profitable the answer is no, page-35

  1. 622 Posts.
    Joooles , well done , great work , I would like to know how much it cost to produce that ton of moly , but we will never know I guess .Surely no one would think they could be profitable or cash flow positive within 2 years .Sure it's a start -up , ramp-up will take a long time .I would expect some metalurgical problems in extracting the moly & Tungsten, only to be expected .no-one will know the true financial situation for 6 to 12 months as production ramps up .Interesting to see Fox Resources has given up processing base metals & to watch the plunging Oxiana share price , tough times indeed for a start-up .They'll need the 12 mill , but watch the burn rate closely
 
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