rodg45,

I do agree that we are approaching this different ways - you are looking at the price of the refined chromium, and I am looking at the price of the Cr2O3 ore. You end up with a value of $2,061/MT and I end up with $1580/MT. Given that the difference seems reasonable for processing chromium ore into metal, I do not see any conflict between our figures. In fact, since we independently ended up with such close figures, I think that should give us more confidence in the numbers.

Best regards,

"Multiplying 18.5% per tonne times the value per tonne, $11,140, we get approximately $2,061 per tonne as the value of the processed Cr2O3 ore bodies we hit."