follow up on contribution margin (revision up)I revise upwards. With Northern White fetching $300/ton at the well head - I do think its possible we will se $60-$65/ton contribution margin from NI's resource position. This is commendable - double that of SLCA - which does not have the advantage of being soley in Northern White (The WI and MN high grade sands).
What we will see is a steady volume and contribution margin up - over the next 4 Qs
I also look at what TSX shows as price to book for NI (at 0.5) - if that is so...