/biz/ - Business & Finance

>>56955391

>Phase
Yes, the well known dump phase where a contract has been finalized and institutional interest finally starts coming in after things have been secured, that dump phase.
>Royalties
Let's see:
>Under the CBPM Agreement, Homerun will pay an extraction royalty of R$50 (US$10.00) per tonne of extracted silica sand.
>Any of the extracted silica sand sold outside of Brazil will be subject to a further five percent (5%) gross sales royalty in addition to the above extraction royalty.

Well isn't that destructive, some lordly sums going on there.
Let's see about the price of quartz silica sand

https://www.transparencymarketresearch.com/uvc-lighting-high-purity-quartz-sand-market.html

>Prices of low-to-medium-grade high purity quartz sand material typically range from US$ 300 per ton to US$ 500 per ton.
>The price of high purity grade stands at US$ 5,000 per ton. Ultra-high-purity grade can even be priced higher than US$ 5,000 per ton.

At bare minimum the resource is valued at $300 to $500 per ton, probably way higher since this is high grade sand.
They don't even need to process it much because it's so pure.
They just need to scoop it up and wash it and sort it, that's it for the process so there are very little expenses involved.

But hey, the market cap went down three and a half million and made a big bad red number show up, so it invalidates all of this and makes it a bad investment that was just a pump and dump.
I hope you keep on posting these screenshots and calling for the total collapse of the stock when the price is green, though I have a feeling you'll for some reason magically disappear when that happens.