PEL 0.00% 1.7¢ pelican resources limited

Any idea how much money they will make out of this. Is it...

  1. 277 Posts.

    Any idea how much money they will make out of this. Is it similar to DSO for nickel pig iron where they get paid for the actual tonnage, think the current price is about US$50 per tonne, or do they get a cut of the processed ore since it will go through the laterite processing plant in Gladstone?

    If its the former, 500 000t isn't a lot of money, $30 mil market cap would be about right for this company.
 
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Currently unlisted public company.

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