GREY:WFEMF - Post by User
Post by
chizzleson Jun 14, 2015 9:42am
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Post# 23828513
I have a bit of a dumb question
I have a bit of a dumb question
If all goes as planned, and IMC is still in the picture and as arranged, gets 90% of all of the tungsten in our mine...do we get a pre determined price from IMC for all tungsten sold or will it always be based on the current price at the time of the sale? Example: When everything is finalized and at that time tungsten is trading at $280 per mtu, do we agree on a price of, let's say $300 mtu for the life time of the mine no matter what the price fluctuation of tungsten will be or...will the agreement be the current price of tungsten at the time of the sale - 10% or something like that?