Great minds think alike... That isn't the first
Post# of 8054
Great minds think alike... That isn't the first time that was brought up, especially when the Bao name entered the picture. That was my very first thought and I hit Bob up with email questions and ideas for a week straight... Why send the ore over there and then turn around and ship steel back to North America. That was among the very few emails Bob wouldn't answer for some reason.
Caterpillar builds a lot of their machinery in Mexico, Chevy builds cars and trucks down there now, and one of the big semi truck companies also has manufacturing plants in mexico. It would certainly kill two birds with one stone. The only reasons I could come up with for why not, was not enough coal locally, and maybe some other base ingredients were not available.. that and no frigging railroad from Ensenada to the US and mainland Mexico.. That may have been the whole key to why not.. To build the railroad North, would more than likely cost more than the steel mill..
But who knows.. maybe someday if we live long enough.. I'll stay til the cows come home, but I got to tell you, this is the slowest moving penny stock company I have ever seen... LOL!