good announcement for TON....so $2B over 20 years is the detail.
$100o basket price (for a buyers pick...so they'll still need to dig up the lot so the buyer can cherry pick)
20 year deal at 100,000 tonnes a year makes revenue $100m per year before costs
compared to MNS
over $2000 basket price (for all grades of graphite)
180,000 tonnes per year puts revenues at around $380m a year before costs
but it's a market of mass pyshcology.
how does the gap work in relation to TON TG? that 71c high is looking awfully grim right now
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