I feel sorry for Oxane, looking at their product. The key at the moment is the bottom line. I've read in a post about the results for CARBO Ceramics that the total USA import of low quality Chinese ceramic proppants for the last 3 quarters was negligible. If that can be extrapolated to our local market, then with a low cost product, possibly with an even lower Aussie dollar in the pipeline, we may have a chance at monopoly.
LWP Price at posting:
0.4¢ Sentiment: None Disclosure: Held