to repeat what I've said before
Mediscience's dd showed the rapid rise of Navial's massive concession empire -peaking at ca 1.2 million acres- building from ca 2008-to 2010 plus small inholdings
thus I thought Brad was filthy rich -who builds such a MASSIVE concession empire NOT to produce?
Navial concessions peaked at a cost of probably ca 2 million/year-
but only 1 smaller area had a N.I. 43-101 to our knowledge and Navial's strange attempted ca 2010 JV w Rift /Mayen- which JV obviously had no money or wherewithal to produce
so somebody paid ca 10 mil for those Navial concessions-- paying possibly millions for small in-holdings alone and it increasingly does not seem like it was Brad- if he had an investor partner who saw the handwriting on the wall re his (the investors) ability to recoup his Navial investment and thought there was no other way to recover what he paid for Navial concessions- ...
then Medi, Clark and I posted articles (Medi's excellent dd-) Sept 2014 Navial acreage reduced by then to ca 784000- 796,000 acres
probably because govt requires a lot more investment once concessions are 5 years old -so concessions that reached 5 years old were apparently being let go
and almost all Navial concessions are now 5 years old -last acquired 2010 I believe from Medi's dd-especially by end of this year
then there was the slick Navial website by a private co- I kept wondering who such was directed to- imo you get buyers and or JV via direct contact- seemed like he was trying to catch interest of big boys either to JV or to sell concessions outright via website advertising to big boys?
- but after iron peaked Feb 2011 at 191.90 and began falling -though still historically high-plus not enough proven reserves -big boys often expect all the work to be done for them and then try to wrest control like sharks= any big boy interest probably waned-except possibly for beneficiation
-plus Bao is the only big iron boy we know of to really have baja on their map- despite an earlier reported Arcelor dalliance/look see
so Brad buys a working iron mine- workers equipment drill holes known veins vendor relationships etc -and suit against port won ca just 1 week after Bob sold -which is why the Ilia shipped-so why would there be no more iron ships???- I've presented my theory
Mediscience's dd showed the rapid rise of Navial's massive concession empire -peaking at ca 1.2 million acres- building from ca 2008-to 2010 plus small inholdings
thus I thought Brad was filthy rich -who builds such a MASSIVE concession empire NOT to produce?
Navial concessions peaked at a cost of probably ca 2 million/year-
but only 1 smaller area had a N.I. 43-101 to our knowledge and Navial's strange attempted ca 2010 JV w Rift /Mayen- which JV obviously had no money or wherewithal to produce
so somebody paid ca 10 mil for those Navial concessions-- paying possibly millions for small in-holdings alone and it increasingly does not seem like it was Brad- if he had an investor partner who saw the handwriting on the wall re his (the investors) ability to recoup his Navial investment and thought there was no other way to recover what he paid for Navial concessions- ...
then Medi, Clark and I posted articles (Medi's excellent dd-) Sept 2014 Navial acreage reduced by then to ca 784000- 796,000 acres
probably because govt requires a lot more investment once concessions are 5 years old -so concessions that reached 5 years old were apparently being let go
and almost all Navial concessions are now 5 years old -last acquired 2010 I believe from Medi's dd-especially by end of this year
then there was the slick Navial website by a private co- I kept wondering who such was directed to- imo you get buyers and or JV via direct contact- seemed like he was trying to catch interest of big boys either to JV or to sell concessions outright via website advertising to big boys?
- but after iron peaked Feb 2011 at 191.90 and began falling -though still historically high-plus not enough proven reserves -big boys often expect all the work to be done for them and then try to wrest control like sharks= any big boy interest probably waned-except possibly for beneficiation
-plus Bao is the only big iron boy we know of to really have baja on their map- despite an earlier reported Arcelor dalliance/look see
so Brad buys a working iron mine- workers equipment drill holes known veins vendor relationships etc -and suit against port won ca just 1 week after Bob sold -which is why the Ilia shipped-so why would there be no more iron ships???- I've presented my theory
