I have the intense suspicion that, that big red dr
Post# of 8059
Posted On: 04/20/2014 5:45:32 AM
I have the intense suspicion that, that big red drill truck we saw a couple years ago, puking white suds, has been doing some more hole poking during the silent times..
If you are planning on shipping 5 million tons a year from a new shipping dock, that you are going to build yourself(as per the updated website), you better dang well know you have at least 150 million tons of high grade ore, that is easily accessible, plus a whole schitload of lower grade stuff that you can still make money at shipping and or pelletizing..
As I snooped out a couple years ago, good iron ore in the ground is worth $4+/ton worldwide. Depending on what the proven reserves are to date, cash buyout value of our stock could be anywhere from .05 to a buck, depending on the white suds and outstanding shares.. LOL! If we go balls to the wall, and get back to mining and shipping with the new conglomerate, multipy that by dozens.. I'm going to have adult beverages with quite a few rich people from this forem if this thing comes together..
I just read that the eastern US steel mills are shut down because of the harsh winter and the Great Lakes freezing over.. They ran out of iron ore, which normally comes from Minnesota via lake carriers.. It's only 70 miles to the nearest railroad in the US for us, and I'll bet there is a track that goes all the way to Pittsburg from there.. Build a railroad too as long as we are going to be rock stars.. Think Big.. Have a wonderful Easter my long suffering friends..
If you are planning on shipping 5 million tons a year from a new shipping dock, that you are going to build yourself(as per the updated website), you better dang well know you have at least 150 million tons of high grade ore, that is easily accessible, plus a whole schitload of lower grade stuff that you can still make money at shipping and or pelletizing..
As I snooped out a couple years ago, good iron ore in the ground is worth $4+/ton worldwide. Depending on what the proven reserves are to date, cash buyout value of our stock could be anywhere from .05 to a buck, depending on the white suds and outstanding shares.. LOL! If we go balls to the wall, and get back to mining and shipping with the new conglomerate, multipy that by dozens.. I'm going to have adult beverages with quite a few rich people from this forem if this thing comes together..
I just read that the eastern US steel mills are shut down because of the harsh winter and the Great Lakes freezing over.. They ran out of iron ore, which normally comes from Minnesota via lake carriers.. It's only 70 miles to the nearest railroad in the US for us, and I'll bet there is a track that goes all the way to Pittsburg from there.. Build a railroad too as long as we are going to be rock stars.. Think Big.. Have a wonderful Easter my long suffering friends..
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