In case people have forgotten the possible JV w th
Post# of 8054
In case people have forgotten the possible JV w the largest west coast organic fertilizer distributor OMRI-from Feb 9 2012.
Fertilizer is 1 of the by products separated from the 200k tons 0-1mm by the trommel
The independent analysis for the fertilizer-showing 55.55% iron has been posted Feb 10 etc-
From Bob Feb 9-1st posted by Rocket here Feb 10th :
Here is the link for Azomite analysis: http://www.azomite.com/index.php?option=com_c...;Itemid=11 this stuff is garbage, I can’t believe it’s selling for those prices, our waste is much better, they only have 1.73% Fe203, and 69% Sio2 and high al… Take a look when you have time.. The market now is 325.00 per mt for ground minerals and 550.00 per mt for pelletized minerals . We just had the guys in from Oregon, and instead of selling to them, we are working on a J/V for the OMRI market, they are the largest OMRI suppliers on the west coast, if we put the deal together, we will build a small processing plant at the mine site, (ball mill, bagging and pelletizing) currently have about 50-60k/mt that have been processed 0-1mm for feed-stocks that runs in the mid 50% Fe range.... This market is growing very fast, and they know we have the natural resources to take over the market with a higher value set of the 30 basic trace elements... Anyway, that's what we are working on outside of the mining for raw steel making products... This material is growing at 25% increase in sales per year due to higher cost in Fertilizers, expecting to reach 5 million tons a year in the U.S. within the next few years, I like it..../
[emphasis added]
Note -the trommel is processing 200k tons of 0-1mm right now-up from the 50-60k tons of such when Bob noted this
(posted by microcaps)