While I tend to agree with what you’re saying, GMC will have some say over the pricing if they were to ship ore, a high quality product can demand higher prices. There may also be contractual obligations placed on parties engaged in the trade providing some leverage. Additionally, GMC had some offtake agreements already in place so this may also alleviate some price pressures. The point made is that there are many levers available in business transactions to do business on a win/win, it’s not all as simplistic as the doomsayers would have people believe.
GMC Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held