RE:IF ??
How do you figure a savings of $300 per ton when chromite currently sells for about half that? And the price globally will decrease if production costs decrease across the industry, due to market rebalancing.
Try a rate of 2-3% for the royalty, on a sales cost of less than $150/ton. Maybe a few dollars per ton, $4/ton maximum.
Admittedly, that would still be appreciable. Another $25m to $50m per annum into the coffers would be stellar, that would be a cash flow of 2.5 cents or more per share. That could propel a valuation into the 20-30 cent range quite easily.
Investors here should cross their fingers. If the patent is approved, it will be a winner.