re: Ann: Significant progress and project on ...
Hi Traydor, I meant to say on track to producing at the rate of 20,000 tonnes p.a. by the end of this year. They are already producing 5,000 tonnes p.a. as you know.
From what I hear everything is going well and they have the full support of the local government who are bending over backwards for them.
By dec, 2013 it will be producing at the rate of 105,000 tonnes p.a.
Waiting for offtake agreements. We have memorandum of understandings but that is not enough to commit to the next stage of ramp up beginning early next year of up to 55,000 tonnes p.a.
Options issued are dependent of these targets being met.
CMC Price at posting:
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