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I agree it is not a near term solution. On a longer timeframe...

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    I agree it is not a near term solution. On a longer timeframe things might be different though. Lithium is significantly more expensive that magnesium and it looks to me like Toyota and other Asian car manufacturers are putting in serious funds to research magnesium batteries. Should they be successful this would keep magnesium prices higher for much longer. The thing I most hope for now is that Korab management is able to get long term offtake deals of 5 to 10 years at or near current prices. If Korab can get 10 years of $300m to $350m ebitda the company would be worth between $1bn and $6bn in my opinion.
 
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