Aug. 6 at 10:54 AM
$METC
As coal business is rather calm the invented a new activity , the exploitation of tailings for REO , germanium , gallium, and they added 2 minerals , the most frequent on earth : silica and alumina they value 90 time more than coal .
They ordered from Harsh a report on costs.
They didn’t let Harsh do the revenue part !
they added themselves revenues , then NPV using Harsh costs .
With some mineral or metals estimated at 120 times the price as silica , 50 times as Yttrium , 4 times as terbium , dysprosium they get 8B$ NPV , with today prices , cumulated profit is positive but well less than capex!
So NPV is negative , project is not profitable .
They say the change of NPV was due to process change carbochloration , a imaginative process using coke from coal and converting tailings into gaseous chorides !
But main change is valuation of Al2O3 and SiO2 which are 75% of revenue , the mist abundant mineral in the world valued as 100 times coal , it’s turning rocks into gold.