jinchuan , page-5

Consider the following

JInchuan had an agreement to pay AGM 72.5% of the LME price
which is say $20,000 a ton at todays prices ( 28,000 x 0.725 )

AGM cost of production is say $9500 a ton

If Jinchuan owns AGM, Jinchuan's cost would be only $9500 a ton

$10,500 x 8500 tons = $89m
10,500 x 15000 tons = $157m (40m investmnet needed to ramp up to 15000 tons
10,500 x 25000 tons = $262m
10,500 x 35,000 tons = $367m

And let THR run it