Friday, October 05, 2018 7:46:49 AM
The bottom line is this is low grade ore with high sulphur. Even ole Bobby
said in his depo that his crappy ore was.... as per contract which is 58.5%, not 65%.
73%? ROTFLMAO...sure for low, low grade that needs a lots of upgrading
China doesn't want it anymore and Bao was there just to take a look which
they did for many, many mines around the world.
Add in sulphur ( all Mex iron ore has sulphur ) and China doesn't want it anymore. All these shareholders who want to restart the mine...go ahead and sell it for 38 dollars delivered less deductions and its not worth taking it out of the ground
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