Posted On: 05/25/2014 12:00:55 PM
Post# of 8059
copper gold and silver have fallen also but all are still much higher than decades ago -
maybe we've gotten spoiled by high metal prices for a few years -
CWRN is a low cost operation though- probably cost of production 10 or less per ton so CWRN will still have an excellent profit when they ship-and if they hook up with a fertilizer processor will have a negative cost of production-see my sticky post
cf this to steelmakers who've had a baseline profit of only 0-3%-and that is typical for many industries
maybe we've gotten spoiled by high metal prices for a few years -
CWRN is a low cost operation though- probably cost of production 10 or less per ton so CWRN will still have an excellent profit when they ship-and if they hook up with a fertilizer processor will have a negative cost of production-see my sticky post
cf this to steelmakers who've had a baseline profit of only 0-3%-and that is typical for many industries
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