GMM 0.00% 65.5¢ general mining corporation limited

In a previous presentation the company stated that 6% Lithium...

  1. 3,015 Posts.
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    In a previous presentation the company stated that

    6% Lithium oxide prices USD $470/tonne
    and
    Ta2O5 was $90 USD per pound contained Ta2O5.

    So I am asking....is this the price of a 6% concentrate.?

    If so, then their 16 million tonnes of ore at 1.08% (say 1%) is = to 2.6 million tonnes of concentrate at 6% (100% recovery....not likely but for argument sake)
    then at $470 per tonne...we are looking at 1.2 billion$ USD revenue...minus costs.

    Any comments? Cut this scenario up if you will. Would like to get a better grasp of this company.
    Thanks
 
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Currently unlisted public company.

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