Friday, October 31, 2014 12:02:10 PM
1) about fertilizer sales because if iron ore can be sold as fertilizer, everybody in the world would be doing it and prices would then plummet to nothing. Just because fertilizer has a little iron in it, does not make it fertilizer.
2) about the cost of a Pananmax ship to China costing 10 to 12 dollars. That's just insane. I don't know how someone makes these prices up. Try doubling that price and then you're in the neighborhood
3) about ole Bobby have high grade ore. 58% fe is low grade ore. China is now getting very steep discounts for this ore vs 62%. 62% Fe is the standard, not 58%. Nobody is going to pay 62% prices when it's 58%, so stop comparing those numbers.
4) about production cost being 5 dollars. That's just too funny to go on.
4)Better yet, move out of the past ...who is this Russian guy you and others think I am. Its ok for you to GO BACK TO THE PAST and make snide remarks, but not others? Who is it that told you about the Russian guy? Was it ole Bobby?
Finally, even Resnick told you guys he won't start any operation unless iron ore prices go up. This is a high cost operation and always will be. STOP HOPING. Its over
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