We were speculating on the amount of processed ore we had stockpiled, and ready to ship, between the dock and mine, a while back.. I had guessed around 400,000 tons. I find it very exciting that those stockpiles are now worth about $6 million more than they were a couple weeks ago because of the quick surge in demand, and price run up in iron.... Looks like the train might be on the right track again. If we can squeeze out 3 or 4 loads yet this fall, maybe the year won't be a complete kick in the teeth after all..
It would be a nice bonus to get approval to ship fertilizer north on top of improving prices.. There will be a huge demand for it this fall and next spring after the drought and pizz poor harvest we went through this year.. We would have a chance to average out overall(fert and ore) at better than $140/ton even with a couple small shipments of fert going out imo. That would make the spreadsheet look pretty healthy to investors by next spring..
If things open up, I hope we go balls to the wall this time.. time waits for no one.. You never know when some sheepherder will stumble over a chunk of iron in Mongolia and the whole market could go bust again like we just witnessed recently..
I just read, that may be happening to the diamond industry right now. Huge reserves were covered up by Russia's government for years, to protect their working mines.. Now they are shaking the cattle bell for some reason, on a 30 year old find worth trillions of dollars.. Things happen way too fast these days to drag feet.. Make hay when the sun shines, and it looks like we may have a clear skys for a month or 2 ahead.. And hopefully much longer, but after this last year I'm not holding my breath again!! lol!
Have a great day longs!! We deserve a whole bunch of good ones!!
