It's a good deal for us based on $1.2k per tonne, but the upside is huge. On even conservative figures, the market price for high-purity (not 5Ns), extra large flake is $3-4k and prices are projected to be 30% higher by 2020. My 5x fair value calculation is probably closer to 10-20x. Can't wait to see this story to unfold.
Ann: Trading Halt, page-75
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