RE:RE:PicsB&D, thanks for the pic info.
The initial agreement is with Owens-Corning and the Off-Take was to supply them with up to 200,000 tons per year. When the contract was signed several years ago, I recall that the FOB price for anorthosite was between $125- $150 per ton. Not sure where pricing is currently. The yearly tonnage may also have varied as I believe a telecon with Jamie Tuer a while back indicated a tonnage of 280,000.
The profitability for this contract is, as you state, an O/S question. The Company believes it will put them in a cashflow positive situation. Time will tell.
As Jim Cambon mentioned in his most recent NR, at least two more agreements are anticipated during 2019,one being for the paint,coatings and filler industries and they expect that such an agreement will be much more profitable than the eglass contracts.
GLTA