articles of interest

Guys,

This is a good read, take notice of the picture.

www.indmin.com/Article/2887305/Channel/19557/Chromite-in-a-tight-spot.html

This also:
www.indmin.com/Article/2863280/Chromite-dried-foundry-grade-hikes-on-tight-supply.html

Refer to my previous posts about IDM's pricing arrangements for these two articles.


Now this plant is still being commissioned for a 30 year plus mine life and they will be carefully ramping it to full speed. Grade control and recovery rates will be the most important issues at this stage. No one has ever seen grades consistently above 10% for a paleo-beach deposit, let alone 25%+ that these guys are working on.

Here's a reference to that point taken from "a report".

I've been in this game long enough to know that grade will make or break a sand project, so just be patient, let management dot "i's"and cross "t's" because this is about the long term, not the initial quarterly production number.

Pep