ELE 0.00% 0.5¢ elmore ltd

g'day wescottif your calculations are right 8mt @ 61%Fe . cost...

  1. 845 Posts.
    g'day wescott

    if your calculations are right 8mt @ 61%Fe . cost was around $35pt bare minimum price of $55mt and could be getting as much as ~$120pt at todays prices. with the HOA, they'll be selling at a discount to the 1/4 average spot price to CMMC, So if they are making $30-$50 profit p/t, that would not be too bad ..$240m - $400m minus the 10% to CMMC ?!

    you would think that CMMC would have done their homework on Kuja and Mangal,and decided to invest $10m for 10%. not only will they be getting cheap ore but also making 10% on any full price ore they sell to an offtake customer.
 
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