Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The price for 58% and 65% fines added 0.7% apiece, closing the session at $38.56 a tonne and $86.40 a tonne respectively.... you might want to read the article again.
not expected to have a high % of iron-which is why the byproduct fines are ca 58.....huh? Can you explain what is a by product from an iron ore mine?
How exacty do you know all this information without being an employee? Do you make it up on the fly? Were you at the mine every day?
The one thing China does not want is super fines. This means there is another process in the steel making, cost more money and more pollution.
Hey, maybe they can sell it for "fert". Has anybody thought of that before?
Email ole Bobby and ask him if that will work.
CWRN had mixture of 58 and 62 on 1st ship bc trucking began ca jan 11 2011, within days of the newly acquired custom mag separator operation, but rest of ships were 62 or 62 plus
the byproduct fines still on site? may be ca 58% but thats byproduct
...can you prove it or was that directly from ole Bobby? No proof whatsoever that ole Bobby's shipments was over 60%.
Can you explain how by product fines are 58% after crushing and mag separation? Why bother crushing it?
https://www.businessinsider.com.au/iron-ore-price-inventory-steel-china-pmi-2018-6
price for crappy mexico iron ore is now below 40 dollars with further discounts for the sulphur. No worth taking out of the ground. China does not want crappy iron ore anymore...only high grade. Very few companies, and I mean very few companies can produce and deliver for under 40 and make money. It won't be CWRN. Stick a fork in it.
58% is low grade and selling in the low 40's a ton delivered... assuming China still wants it and they don't.
What owner on the world will sell at a loss?
There is no proof that ole Bobby ever sold 65%, only low grade and that was what the contracted stated
Now i remember. Yes, you posted components of volcanic ash and saying ole bobby's garbage is the same thing. Was there a volcano in ensenada?
Good DD. I see you are an all pro here
are you really having fun or crying in the background while ole Bobby
is drinking expensive scotch and smoking cigs on your nickel?
And me? It's good to be me. Why? I don't own worthless, unsaleable stock like you and having spasms ROTFCMAO knowning I lost 6 figures
Go Bobby
Are you ROTFLMAO or really crying because ole Bobby left you holding the bag? A 99.999% bath? And what's worse is that you cannot sell and take a tax loss
hahaha
ROTFLMAO...again and again
and that range has been operation for many, many years. Have they ever sold garbage tailing as "fert"?
Not aware?
In the words of Nostradamus2012...LMAO
truly funny as in ROTFLMAO
do you have a spasm problem?....always LMAO
And yet no other iron ore company in the world including the largest mining companies ever thought of sending garbage tailings for "fert"... and still don't
Ole Bobby must be a genius of the highest order.
By the way, what are the "fert like compnents"? Did ole Bobby not relay that " inside info" to the disciples?
What does this have to do with shipping bulk?
Shipping iron ore in containers?
Or loading a ship with a large dustpan...yes, very efficient...and costly
or the super, super fines ( aka, dust ) means China considers it garbage and can't sell at any price.
Ah yes, right. Another one I forgot
Ole Bobby took a 1 kg sample, sent it to SGS and when the results came in, sent it to their select disciples or the stupid to spread the word.
We don't know where the sample came from nor did that sample represent the entire shiment.
Ole Bobby never sent their disciples the real report to hide the low grade and the contaminants. He did say it was as per contract...which could mean anything
Ah yes, almost forgot about the "fert" haha
thanks for reminding me
Did anyone figure out the sulphur problem?
Or how to sell and make a profit when low grade iron ore is selling in the mid 40's...delivered
Or figure out why China doesn't want low grade iron ore anymore.
Or who will front the tens of millions to re-start this mine.
Or why Mexico needs to import iron ore?
you mean the SGS report where a "sample" was sent for assay.
All ole Bobby had to do was pick up a sample that looks good and use his magnet pen. That sample could be from any mine in Mexico and
send it in.
The sample does not mean it represents the whole shipment which is what the buyer is paying for. The only person, it seems, who thinks that way is a poster here who seems to have lots of inside info.
We do know that one of the shipments was 58-59% ( BOL ) which China always considers low grade and now sells in the mid 40 dollar range...delivered to China....that is the assumption that there is very low sulfur which is not the case all over mines in Mexico and which China does not really want anymore because of the extra pollution...see sinter fines
mexico is now importing iron ore to meet their needs, but won't buy or develop any new mines in Mexico. What does that say?
Everyone needs to let go of this Bao buyer. They will not be back...why would they when they can buy all the low grade cheap ore China does not want and can buy 100 million tons of it sitting at the ports.
Assuming China wants Mexico iron ore?
140 million tons sitting in China ports...almost all low grades
Mexico is importing iron ore from Brazil...still cheaper and better quality
Even the USA has sent some "low grade" ore to mexico.
Since you continue to indicate that ole Bobby's ore is 65% and you seem to have intimate inside knowledge, can you confirm it with some proof?
I have a bunch of SGS reports that says 65% on a sample basis. None of it was ever shipped and had high sulfur
Did it ever occur to you that the price of iron ore and maybe the quality of the mine might have something to do with it?
It's not in the best interest of "miners" like Bob to go into production because the pump and dump cannot go on anymore.
Bao MAY have been interested in the mine when iron ore was 180 dollars a ton. Now that high grade is 70 and may go back down to 50 in future years, nobody will be interested in Mexico's low grade stuff with high sulphur
China is trying to clean up their pollution and low grade ore is not wanted any more in China ( see prices: 40 delivered and still no takers ). Do you think Bao is interested in losing money on each tonne delivered?
Did you ever write your Novella?
Starring ole Bobby as the grizzled old miner and Sharon many names
as the real brains behind the pump.
It hooked in many people for millions.
It was Bob's way of showing and telling people what they want to hear. There is still a box of them somewhere in Baja with Bob's name on it...to hook more people in
[url][/url][tag]insert-text-here[/tag]
why do you reply?
obviously meant 'located the veins'-the point is 1st ship carried 58 and 62% benchmark iron BEFORE CWRN acquired the info from the 1st 68 holes which showed where the veins were -and likely said 1st ship ore did not receive maximum processing as the processing machine was only received and activated ca 11 days before trucking began .... as told to you word for word from ole Bobby? Did he also tell you he was going to jail?
neither mine has crappy iron ore.....you haven't pulled out the SGS "sample" report in a long time.
the point is 1st ship carried 58 and 62% benchmark ...any proof of that?
http://www.business-standard.com/article/economy-policy/iron-ore-from-paradise-wins-no-takers-as-china-upends-market-117120900082_1.html
Ole Bobby has a chance now to sell his crappy iron ore in Baja 14 or his new crappy iron ore further south...sorry, China doesn't want it anymore
You keep on believing that
relocated the veins...ROTFLMAO
almost as funny as selling garbage tailings as "fert"...too funny
Once a miner, always a miner
Would you invest with ole Bobby again?
ole Bobby and the magnet pen is back!!!
China is a world leader in wind power generation, with the largest installed capacity of any nation[1] and continued rapid growth in new wind facilities.
....I guess we are both right
how many iron ore mines in The USA vs Mexico?
high sulphur is not an impurity that requires extra processes?
There are many mines opening or opened in Mexico, but iron ore is not one of them. In fact, Mexico has to import iron ore. What does that say about the quality?
Arcelor is willing to bet multi billions on a high grade mine in the Arctic that can only ship a couple months a year but won't look at one in Mexico to add to the one they have in Manzanillo.
With China shutting down 500 of their low grade mines and trying to improve pollution, they don't need or want low grade, high sulphur iron ore. Time to move on from Mexico
I would bet wind more than solar
here ya go:
www.mining.com/iron-ore-prices-story-ups-downs/
I could show you many more links, but you, as DD king of this board should easily find it.
probably 100 million tons or more sitting at the China ports is of the low grade variety.
China, to control pollution only wants high grade now....something that Mexico cannot provide. In fact, Mexico IMPORTS iron ore now.
Nobody ever compares iron ore to China with USA iron ore prices
insert-text-here" rel="nofollow" target="_blank" >" rel="nofollow" target="_blank" >insert-text-here[tag]insert-text-here[/tag]
surprised that the "fert" term was not mentioned. Now, you use by product? Vale, BHP and others have a TRILLION tons of "by product" they can sell for hundreds of dollars a ton, right?
I guess 40 dollars CFR, no market for the low grade ore with high sulphur and using a large dust pan to load a bulk ship is not going to cut it anymore.
58 to 59% iron with sulphur in the ore. How does it have value right now?
Delivered price for this low grade ore is under 40 dollars in China. Most of ore sitting in the port ( 120 million tons) is low grade.
Mexico is importing iron ore.
66% grade is 80 CFR.
Let me know what value this mine has?
mexico is importing iron ore and yet we hear nothing about this "world class" property. This project would take hundreds of millions in cap ex to upgrade the ore to 65% ( assuming it can be done) along with figuring out "mexico" problem of removing the high sulphur.