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surebob

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surebob

Re: Leross post# 89354

Sunday, 11/23/2014 12:32:49 PM

Sunday, November 23, 2014 12:32:49 PM

Post# of 91121
So the mine is there. So what? There are hundreds of iron ore mines all over the world. Is this a special mine with proven reserves, with proven logistics, with proven financing and with proven management? I don't think so.
Adequate quality means what? 58% Fe in China is selling for 10% to 15% below 62% Fe spot. Do the math and see this mine is not economically fesiable.
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