Fair enough guys, good responses. I am more than happy to play at this end of the market with market caps of $50m or less. Where a lot of mining companies come down is from the transition of explorer to producer. I normally ride the exploration wave and exit before the first ore is actually pulled out of the ground. Unlike other metals, I know nothing about magnesium production and hence whether costs can blow unforeseeably in the production process - and hence why I want to see the margins. But I do appreciate it may be skewed in the ramp up. All good, just my thoughts and we'll see how it goes.
CMC Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held