RE: RNS11 Jul 2019 14:32
We're producing chrome concentrate rather than chrome, and typically we are getting in the region of £100 per tonne. At 5,000 tonnes a month, this would be revenue of £6m a year. Until we get to see the figures from it, its difficult to judge what kind of profit margin we're getting on that.
Thanks for the info MH. £100 a tonne for the concentrate brings my forecasts down but as you say, still good money. Will be interesting to see what the processing costs/margins are later in the year (i presume) and we've seen before that they know how to reduce this in time too. All good