So DNA are going to produce 1,000tpa of magnets ~ which will contain around 300t of RE's
And IXR might get to reprocess the excess swarf from machining; even 10% would suggest very poor casting and most foundries consider anything over 5% to be excessive.
Do the sums and this boils down to reprocessing about 15 tons of RE p.a; with a margin of ? US$15,000/t = US$225,000pa
I don't think that is going to have much effect on the EBIT/SP ..... around $0.000045 per share by my reckoning!
Honestly, was it even worth the cost of flying to Sth Korea to negotiate this "POTENTIAL" deal ?
IXR Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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