TSXV:WMG.H - Post by User
Post by
splitcoreon Jan 07, 2015 3:05pm
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Post# 23295303
What is mine worth??
What is mine worth??
NCM's proposed plan is to produce 30,000 t/yr pure mg. ingots. Scanmag likely has a similar plan. At $2.41/lb then, 60,000 t = 120,000,000 lb. @ $1.00/lb after deducting processing costs. So the joint venture is worth about $120 million per year for 30 years. Not bad!!!! If production costs are less than $1.41/lb then the profit picture is even better. glta Split