Actually they didnt state they would be increasing production to 11.5 mill grams in 2016 ,they said they hope to get it up 3.3 mill grams in 2016, they said beyond 2016 they hope to get it up to 11.5 mill.
And you are mixing up sales figs with profit , net profit should be about 2.5 per gram and remember there are 17 other companies trying to to do the same thing, so they have to actually sell that amount of product.
And remember the sale price will come down as more producers try to compete, as existing users say they can grow it for about 2 dlrs a gram.
- Forums
- ASX - By Stock
- CMY
- Ann: Suspension from Official Quotation
Ann: Suspension from Official Quotation, page-57
-
- There are more pages in this discussion • 134 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online