Hi aref,Can't fault your logic on Marianas the unknown is how...

Hi aref,

Can't fault your logic on Marianas the unknown is how much of the $55 at the mine gate Lacerta would charge to process it which obviously depletes CDB's profit share. To be honest they would be better off processing it themselves IMO as there is always a 15-20% premium to outsource the work. However they are only setup as 5-10 man company atm.

Lacerta will drive a hard bargain too. However on the positive outside of the off-take with Jianxi they can sell any further production probably for more cash.