The Canadians are unable to compete, they are planning the same. Maybe we are doing the conversion preemptively to squeeze out the canadians?
“In Quebec you can not really compete with the Australians on selling concentrates,” said Bourassa. “You can not compare the two, one has direct access to the market in China, and in Canada, we cannot have access — we need to do the conversion, so the (financing required) is bigger.”
GXY Price at posting:
$2.12 Sentiment: Buy Disclosure: Held