CMC 0.00% 1.1¢ china magnesium corporation limited

CMC Wins Funding Support for Pingyao Magnesium Plant, page-3

  1. 6,849 Posts.
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    Thank you for shifting this thread Admin, much appreciated...  

    @Yskelo - I am interested to see how the company develops and what it has found out from the commodities trading desk.

    Magnesium appears to be on the rise and last report I have seen indicated $2000 USD per metric tonne.
    http://www.asianmetal.com/MagnesiumPrice/Magnesium.html

    This company has the ability to put 20,000 tonnes into the market along with its other diversified investments. - The directors report at the end of 2015 indicated that the company had revenue of just under $20 million however had a net loss of $3.5 million. (I am assuming these are in AUD)

    The magnesium business has the potential to provide a gross annual income of just under $54 million AUD and any income from their other incomes streams would be a bonus.

    Even if they only received 1/2 of the income from magnesium and continued with the growth of their other assets they would still be in the vicinity of $50 million AUD per annum. - that is 16 times the current market cap.
 
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Currently unlisted public company.

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