until they are done eliminating competitors -and t
Post# of 8059
Posted On: 05/15/2015 3:34:56 AM
until they are done eliminating competitors -and then its time to raise price again
its funny how things change without any discernible rationale reason other than pure greed- it wasnt too many years ago when oil first went to 100 that a high level saudi official publicly said oil should never be above 70
it was the USA shale production explosion which brought oil below 70
and although saudis actions temporarily lower price to get rid of others the long range plan now is probably to bring oil above 70 again
oil is the biggest cost of shipping and a large part of trucking costs also
thus shipping to china prices had fallen to 5-10/ton from pacific coast of mexico depending on size of vessel
yet from snippets brad sent to some including luckymata's published email brad is waiting for non-lump prices to rise to at least 100 and for CA case to end. Which is sort of like waiting for frosty the snowman, tinkerbell, and the tooth fairy to appear at the same convention
Mexico is still one of the lowest cost mining jurisdictions and at least 1 junior miner can ship from Pacific coast of Mexico to china for ca 40/ton total cost
premium for lump ore at 64.5% had in feb and again now brought total price for such to near 80-
so differential calculus tells us that w such ore there are still good profits
everybody seems to forget that ore prices are still historically high -
ore was only 10-14/ton til 2002 -didnt reach 45 til 2008-2009-(at which time cwrn said they could make a profit at 45)- which is what precipitated the mad rush to illegal mines- and now shipping and trucking prices -the major costs -are lower than 2002
so about 4-5 years ago average junior miner cost of production was only ca 12/ton due to many having premium ore
its funny how things change without any discernible rationale reason other than pure greed- it wasnt too many years ago when oil first went to 100 that a high level saudi official publicly said oil should never be above 70
it was the USA shale production explosion which brought oil below 70
and although saudis actions temporarily lower price to get rid of others the long range plan now is probably to bring oil above 70 again
oil is the biggest cost of shipping and a large part of trucking costs also
thus shipping to china prices had fallen to 5-10/ton from pacific coast of mexico depending on size of vessel
yet from snippets brad sent to some including luckymata's published email brad is waiting for non-lump prices to rise to at least 100 and for CA case to end. Which is sort of like waiting for frosty the snowman, tinkerbell, and the tooth fairy to appear at the same convention
Mexico is still one of the lowest cost mining jurisdictions and at least 1 junior miner can ship from Pacific coast of Mexico to china for ca 40/ton total cost
premium for lump ore at 64.5% had in feb and again now brought total price for such to near 80-
so differential calculus tells us that w such ore there are still good profits
everybody seems to forget that ore prices are still historically high -
ore was only 10-14/ton til 2002 -didnt reach 45 til 2008-2009-(at which time cwrn said they could make a profit at 45)- which is what precipitated the mad rush to illegal mines- and now shipping and trucking prices -the major costs -are lower than 2002
so about 4-5 years ago average junior miner cost of production was only ca 12/ton due to many having premium ore
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