Either way........................we're off to a good start if posco does as they say they plan to.
At $6000 per ton , that ammounts to $15mil. per year in income , that coupled with some potash sales could easily sustain them until they can raise capital for a 20,000 ton mil.
Problem is , only Posco knows how much will need to be raised , they've been keeping their technology pretty hush-hush.
Either way , merger and new management coming our way can only be good at this point.
POSCO has agreed to finance the capital expenditures required for the initial phase of 2,500 tonnes commercial production, ahead of the Joint Venture Company raising project financing for 20,000 tonnes.