TON mine gate cost US$250/t FOB Pemba US$315/t (calculated after oil price collapsed)
SYR mine gate cost $US102/t FOB Pemba US $198/t (calculated before oil price collapsed)
This is why TON tanked to 14c, just because the graphite is expandable doesnt mean its cheap to produce. You can't have a superpit at US$315/t with the canucks chasing at US$350-400/t so you would have to go boutique smaller volume which would push your costs back to the canucks vicinity. TON needs to find a high grade low cost part of their deposit if they want any chance of justifying their current market cap. Until that happens, the near tripling of their share price in the last week is unjustifiable. Ditto above for MNS with a cost over US$400/t.
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