(2) At current production of around 1,000 tons per day because of well shut in due to low AECO prices, net revenue at various sulfur prices: $225 USD/ton, net revenue of $60 millions
$300 USD/ton, net revenue of $91 millions
$375 USD/ton, net revenue of $122 millions
For Q2 2025, average sulfur price of $270 USD/ton, current price of $250/ton, next months price could be >$300USD/ton (sulfur price has been increasing to over $350 USD/ton in China, a big importer of Canadian sulfur ). Since sulfur is a byproduct of gas and liquid production and all costs have been covered, net revenue is basically pretax profits.
Since CVVY has $624 millions of tax pools for future tax deductions, net revenue is basically net profits in the next several years.
 
                    