Wednesday, September 03, 2014 1:42:20 PM
If and when they get their crap together and actually execute financing and file then they may get attention back here...but that's a maybe.
This ore isn't perfect and and they are going to have spend quite a bit of money to refine it to reduce their penalty from the Chinese to make it profitable to even mine it. Even if they are able to add equipment and move the ore to other location by the rail tracks eliminating that leg of trucking to the port...I'm not completely convinced they are going to make those margins...they don't look so rosy in those projections to me. With ore slumping world wide and the major impurity of it I think there is some cheer leading going on here to a degree.
I'm holding but that's where I stop for now.
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