GREY:BNCIF - Post by User
Comment by
BrentHon Apr 04, 2014 1:24pm
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Post# 22412591
RE:RE:RE:this is sad
RE:RE:RE:this is sadCommonCentsforDollars wrote: I understand everyones disappointment that we dont know how much it was sold for. Part of me has the same feeling, however you have to remember their focus will not be with just ONE customer. If they start advertising prices, then future customers could use that as a negotiation point.
Prior to my life of the stock market, I used to own a successful company. Never would I tell anyone what I was selling product for. All my customers were fairly large corporations and a lot of those companies dont have a clue what they are doing. At one company I may have sold a product for $500, but to another company I would sell that same product for $700. Over time I felt on my success rate of winning or losing deals, I could gage how much margin I could charge each different corporate customer. You would be amazed the difference in price one company would pay compared to another. Based on that decade of owning my beast,. I would be on the same page as Spiro and NOT advertise what I made this sale at. It would only have the potential of disrupting future profits from other potential customers. Anyways, that is how I see it.
CCD
Good post. It shouldnt upset folks that I don't know the exact price... we know the approximates from industry research... if not, we shouldn't be investing in mining. Does it really matter if a couple hundred tons from sampling is sold at $421 vs $498 vs $591 at this point? It doesn't tell us a lot because the relaionships being developed are in their infant stages and product out of the ground is still being evaluated. A cleared picture and offtake could be any day but not today,,, just good news that we have a buyer, period. Amor. graphite was $300 a ton in 2011... today sells around $400 to $600 a ton. Consider the decent grades and minimal transport costs which can be up to 30%... but we're mexico to mexico here... plus for us. Think 5000 to 15000 tons a year at $500 a ton right around the corner sound possible?