Well its best part of 3 times the current ROW price, however if it is 99.999 purity it is the price at which this has been trading for the last couple of months - no biggie. Back in July it was nearer $17 a KG.
We have no idea that Eric is referring to - is it 99 or 99.999 or some other grade. Is it ex plant, ex Malaysia or landed in the country of use.
If it is super pure at 99.999 then what is the COP to get to this purity.
As always fluffy words that don't appear to be taken too seriously by the money men.
Speaking of money men, why is Eric doing this roadshow? Surely not for customers as they have all 11kt sold, and customers in the US would be difficult to find for the volumes LYC need to push out.
Na, generally when the CEO goes on a roadshow it is for the money men, and that rasies the question as to why?
eric noyrez, ceo interview, page-24
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