CMC 0.00% 1.1¢ china magnesium corporation limited

"And as far as being a producer now, this is all very well but...

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  1. 963 Posts.
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    "And as far as being a producer now, this is all very well but we still have no idea about production cost and sales"

    They did not disclose costs or sale prices at he AGM, except to say that the costs did not vary much from previously indicated but the price of Mg had increased.You would have to assume the margin is still at least the $700/ton previously presented.
    They did also eventually agree that they would/should be producing at the 20k tpa rate by year end.
    This thing wont get going until the board comes up with some concrete long term plans and projections, so outsiders can make some valuations.It is secretive as if its their own little private company. The prospectus plans were fanciful rubbish.
 
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