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Imagineer66

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Imagineer66

Re: Setanta post# 30922

Friday, 06/23/2017 2:38:50 PM

Friday, June 23, 2017 2:38:50 PM

Post# of 35791
Did NEWC loose the deal with American Steel? Thought I read where ASI gave them an extension. NEWC signed a deal to buy some coal from a third party to cover their shortfall.

The ASI deal is why I am sticking around. When NEWC is up and in full production, this is the real money maker for them. Even if they have to buy from a third party there is substantial profit. As I recall, they buy coal at $45 FOB the dock and sell it to ASI at $185. Nice!
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