C1 costs about $33/ pound at LH. I am not sure where your number comes from. Add in the other costs and this company barely makes money...for all those pounds produced, it made just under $4million gross. If it wasn't for all the debt and equity capital raises plus the China capital inflow for 25%, this company would be a donut. But Borshoff does not care that PDN equity holder get diluted again today by about 15-18%, because Borshoff is earning his millions in salary and free shares.
Cait
BLR Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
