RE:Target price 1.10 here we come It's already been there...we're looking for substantially more....The purity or concentration % of the ore is the key factor.....25% ore generally would be priced in the $2.00 to $2.15 range...when you get into the 45% range the price goes up accordingly into the $4.50 to $4.75 range......again figures would reflect a US $ pricing per pound. Now with demand increasing it may see a 10% to 15% increase over time.
The purity of the ore is where the real benifit comes in. If your sending it for processing the richer the grade of ore the less that has to be sent to meet the requirements. Again there will be benifits of other materials as a result of processing.......
But $1.10...nnnooo want more than that...lets get into the $2.00 range....
old_dog