Jooles, Don't get your sales figure of $10 million. Going back...

Jooles, Don't get your sales figure of $10 million. Going back thru my notes it seems they were looking to produce 800 tons of concentrate in yr 1. With wolframite selling for around AUD50 per lb at the moment, and assuming a 60% concentrate, that's say AUD30 per lb or AUD67,200 per ton or AUD54 million per annum.
If this throughput can be achieved then I would guess it's a profitable operation. Any MoS2 is a bonus.

I have this as a Hold as I am uncertain about a host of things macro amd micro, but could easily be persuaded qol could make it.

I am not an analyst, DYOR