Hi sduncan, I think the average price over various grades will be $500/t. They stated that 30Kt/yr is about breakeven so an extra 145Kt/yr @ $500/t (plant capacity can be 175Kt/yr) leaves $72m net profit. Swan River won't be as profitable but at 200Kt/yr it will come close. I'll go out on a limb here and say with Vic underwriting 40m shares on top of his already 20m he must know that the big orders will come thru' soon. I predict it will happen December. I am so confident you can hold me to that. Watch for 30c sp by Christmas. I know I will be bagged for this but my gut feeling is that MSC's time has come and why would the CEO risk so much of his own money if he wasn't sure.
MSC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
