RE:Convinced this will be miner to smelter business...Good post. I expect the big bucks will be in the smelter to commercial user part of the cycle. That is where the expensive middlemen exist, including the decrepit LME. The LME apparently realizes their existence could be under threat, but they will likely do too little too slowly. The window of opportunity is wide open right now. Let's hope management here is up to the task to execute this huge opportunity. The sky is the limit.
calenderj wrote: ...all the indications are we will be a commodities trader,in the business of bridging the gap between mining producers and smelters/refiners,while drastically cutting the middleman costs and the currency exchange costs,and returning more profits to the mining industry.
This will not be a platform that just sells bullion to the everyday joe and put into a vault someplace.
Everywhere in their PRs,they refer to 'COMPANY TO COMPANY' transactions...not person to person.
How the entire business runs will be what we are waiting to hear about.Will they partner up for the transporation of the commodities with an established group?
Imo,they are aiming to save potentially billions of dollars for the miner to smelter business.If BWC has this all set up right with a big name partner who is looking to take control of a fragmented industry that trades in the hundreds of billions of dollars annually,BWC could easily see $5-10/share on the initial runup over the next few months.
We'll see if I'm right very soon.