Friend of mine has just sent me this....can anyone answer the questions......
Interesting. An binding off-take agreement is always good to see. My key take aways:
- 200,000 tpa of Pyrite production per year
- 3 year price agreement
- $50p/t for the year 1 & 2
- $70p/t for year 3
- Pyrite is used to make iron residue / steel and sulfuric acid
These are good signs. On face value, Carbine looks to be in the game for gold and copper, no? Pyrite is often found in association with gold deposits. Can you tell me if there is gold ore in the Pyrite - anything about 0.25% would be useful.
Need to knows:
- What is the cost of production per tonne?
- What other costs do they have?
- What are the proven resources in their deposits?
They're burning cash, so that not good. will this agreement be enough to turn that around?
