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Dont know if his numbers are correct but i think as people figure out what this Chrome is worth we will gradually climb back up.
Would be nice also if Agora can do an after the news interview to enlighten shareholders.
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http://siliconinvestor.advfn.com/rea...
NOT Chrome assays at 27% over 49 meters, That is 540 lbs per ton.
Chrome prices - I am showing high carbon ferro-chrome at $2.45 per lb for 60 to 65% Cr (I assume price is per lb of contained chrome), low carbon chrome at $5.45 and electrolytic chrome at $8.60 per lb. Steel Guru reports chrome prices expected to rise in Q3.
Even if we take lowest prices for chrome, $2.45 per lb works out to +$1300 per ton. Market for chrome appears to be small, (main production SA, Kazak., Russia, Turkey) but this could warrant some research.
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A video interview with Mr. Nemis discussing latest company accomplishments.
