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.
NSL Price at posting:
9.1¢ Sentiment: ST Buy Disclosure: Held
