http://investorshangout.com/images/MYImages/144604

the separate magnetic sep unit for trommel arrived july 3 2012 -cwrn noted fert would bring much higher prices than regular ore- further onsite processing could bring 330 plus/ton- they publicly reported -see 2011-2102 PR's- they had had discussions w somebody they contacted thru omri- largest west coast organic fert distributor -for an site jv plant-what happened-then otc dtc broker mm etc games we're familar w ensued,including w jv etc, which probably soured them on a jv relationship and tied up their money??
also mexico changed?the rules just in time to block a predicted august 2012 shipment because mex was going to require an iron ore export permit for the fert- and they didnt have a permit to export to usa -lots of red tape

ipo mentions cost saving in crushing and processing onsite via mobile equipment etc whereas big boys often truck iron to plants
trucking is 2nd biggest cost after shipping -initial trucking of ca 9/ton was higher for several reasons and was during the 120/barrel oil resulting from the libya war crisis -see may 2011 PR etc