1st -we have a very bizarre situation- where cwrn/bob/my worst basher has apparently become the ceo and bashers best friend and longs worst enemy-this is unheard of-who blames everybody but himself
pesq-1 of CWRN's strongest longs until late 2011,after reportedly selling his cwrn stock became CWRN's (and my) worst basher by far,which is 1 of the reasons i didnt believe bashers unsupported claims pesq was Brad
why would bob sell to bob/CWRN/my worst basher--- because there were no other buyers- Baja's iron is not known outside Bao except for Bao and perhaps Arcelor, port was blocking shipments /income- while CWRN had heavy lawyer fees, and Bob was required to pay people while his income was blocked,and Brad reportedly came to bob even though bob and brad/pes could not even agree on the color of the sky -from everything i've seen
Inventory-how much-my calcs showed -based on original ratios -that ca 2.5 million tons of main product would have to be produced to have the over 200k tons byproduct -obviously ratios dramatically changed
how much regular product is left?????
for existing product only primary expense is any further mag sep/screening and truck/ship fees-so why not ship such??????????????
May 19 2012 received trommel etc to sort over 200k tons of 0-1mm into ca 140k tons 0-.5mm organic fert and ca 70k tons .5-1mm sinter fines -see previous pics/dd-because port was blocking reg product shipments
Organic fert demand is rapidly growing but u have to NETWORK/DO DD to find processors and buyers -e.g via OMRI's clearinghouse for such that Bob had talks with
1 or more holds in a 5-7 hold ship going to Oregon or CA could carry fert if there's not enough demand for an entire ship
also,other specialty markets i've posted pay far more than spot for small lots -under 5k tons
the fert is 55.42- 55.92% -main thing is the beneficial minerals without the high % of bad minerals usa iron has
58% fines could be sold as is internationally but harder and more costly to sell than 1mm plus because buyers have to add product to sinters to burn in furnaces etc- sinters already been thru the mag sep and trommel's own mag sep--- so uplifting sinters in an oversupplied market to the preferred 62% bench would take time
medi's dd gave us the history of Navials 18 concessions totaling ca 1.2 million acres acquired 2008 -2010- but articles posted by medi me clark show rapid loss of navial concessions 2014ff as such aged to 5 years at which point govt requires higher investment in such or lose them
brad reportedly had a backer who paid up to maybe 10M for those concessions-and thus was owed up to maybe 10M for such-is that where Ilia revenues went?????????
because there's no other logical explanation i know of for lack of further ships etc when ore price didnt permanently drop below ca 125/ton til feb/mar 2014
to my knowledge brad hasnt even paid for PanAm or most of the equipment yet -see previous
so brad apparently needs many millions to pay these obligations- and it would be criminal for Navial expenses/fees to be paid out of CWRN Ilia revenues
average jr pro cost was ca 12/ton some years ago-see posts/graphs-and some had neg costs due to premiums- and Bobs CWRN costs were lower than average-see dd
add other costs and reach 40-50/ton costs depending on current ship and trucking prices
at least one other jr mex miner can reportedly ship for 40-45/ton so why does brad /pesq demand 100/ton minimum to ship?????????????????????????????
baja 14 was specifically picked for its lowest costs compared to up to 30 other Mex deposits
pelleted in recent history draws 40 more /ton price
premium for lump ore is also substantial- see prev posts
so i've been forever stumped by brads call for min of 100/ton and for end of CA case that brad is not involved in to my knowledge and should have no hindrance on operations -even tx case didnt interfere with operations
so i dont know what or why brad is doing except trying to find new backers- how likely is that if he thinks he needs at least 100/ton??
pelleted backers is more likely-after all as per an official usa 1990's iron report i posted and dissected at length, up to 98% of usa iron had to use some kind of beneficiation
pesq-1 of CWRN's strongest longs until late 2011,after reportedly selling his cwrn stock became CWRN's (and my) worst basher by far,which is 1 of the reasons i didnt believe bashers unsupported claims pesq was Brad
why would bob sell to bob/CWRN/my worst basher--- because there were no other buyers- Baja's iron is not known outside Bao except for Bao and perhaps Arcelor, port was blocking shipments /income- while CWRN had heavy lawyer fees, and Bob was required to pay people while his income was blocked,and Brad reportedly came to bob even though bob and brad/pes could not even agree on the color of the sky -from everything i've seen
Inventory-how much-my calcs showed -based on original ratios -that ca 2.5 million tons of main product would have to be produced to have the over 200k tons byproduct -obviously ratios dramatically changed
how much regular product is left?????
for existing product only primary expense is any further mag sep/screening and truck/ship fees-so why not ship such??????????????
May 19 2012 received trommel etc to sort over 200k tons of 0-1mm into ca 140k tons 0-.5mm organic fert and ca 70k tons .5-1mm sinter fines -see previous pics/dd-because port was blocking reg product shipments
Organic fert demand is rapidly growing but u have to NETWORK/DO DD to find processors and buyers -e.g via OMRI's clearinghouse for such that Bob had talks with
1 or more holds in a 5-7 hold ship going to Oregon or CA could carry fert if there's not enough demand for an entire ship
also,other specialty markets i've posted pay far more than spot for small lots -under 5k tons
the fert is 55.42- 55.92% -main thing is the beneficial minerals without the high % of bad minerals usa iron has
58% fines could be sold as is internationally but harder and more costly to sell than 1mm plus because buyers have to add product to sinters to burn in furnaces etc- sinters already been thru the mag sep and trommel's own mag sep--- so uplifting sinters in an oversupplied market to the preferred 62% bench would take time
medi's dd gave us the history of Navials 18 concessions totaling ca 1.2 million acres acquired 2008 -2010- but articles posted by medi me clark show rapid loss of navial concessions 2014ff as such aged to 5 years at which point govt requires higher investment in such or lose them
brad reportedly had a backer who paid up to maybe 10M for those concessions-and thus was owed up to maybe 10M for such-is that where Ilia revenues went?????????
because there's no other logical explanation i know of for lack of further ships etc when ore price didnt permanently drop below ca 125/ton til feb/mar 2014
to my knowledge brad hasnt even paid for PanAm or most of the equipment yet -see previous
so brad apparently needs many millions to pay these obligations- and it would be criminal for Navial expenses/fees to be paid out of CWRN Ilia revenues
average jr pro cost was ca 12/ton some years ago-see posts/graphs-and some had neg costs due to premiums- and Bobs CWRN costs were lower than average-see dd
add other costs and reach 40-50/ton costs depending on current ship and trucking prices
at least one other jr mex miner can reportedly ship for 40-45/ton so why does brad /pesq demand 100/ton minimum to ship?????????????????????????????
baja 14 was specifically picked for its lowest costs compared to up to 30 other Mex deposits
pelleted in recent history draws 40 more /ton price
premium for lump ore is also substantial- see prev posts
so i've been forever stumped by brads call for min of 100/ton and for end of CA case that brad is not involved in to my knowledge and should have no hindrance on operations -even tx case didnt interfere with operations
so i dont know what or why brad is doing except trying to find new backers- how likely is that if he thinks he needs at least 100/ton??
pelleted backers is more likely-after all as per an official usa 1990's iron report i posted and dissected at length, up to 98% of usa iron had to use some kind of beneficiation
