Before the bankruptcy APT prices were as low as $60/MTU as the Chinese were flooding the market. Now they're around $260 and the company is seeing the revenues I expected $17 million this quarter... But $14 million in costs? C'mon. They may not be the guys to get it done.
Long term there's a lot of activity. Mactung is one of the largest deposits known. It's a good play. Another bright spot is that next quarter will involve a bit higher grade material and profits may be better, and for sure an APT processing plant will be a good thing... but I'm out for now. Other things to do with money.