Lefevre, CMC havent really started to produce quantities that require any sort of significant purchasing. As you say they will require off take agreements for Phase 2 which is still more then 12 months away.
They will only get up to 20,000T production by middle of this year. Thats when you may find out what price they are selling at, they cant tell you now can they?
At a crazy guess it will probably be at the gate and for the spot price magnesium is at, currently about $3200US/T. That is what CMC told us.
Lefevre you were also on here previously about margins etc. I'd do some more research as if you visit website everything is very clear and detailed and there for all to see.
Lefevre, CMC havent really started to produce quantities that...
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