InvestorsHub Logo
Followers 81
Posts 2575
Boards Moderated 0
Alias Born 02/15/2011

Re: hngryrat post# 154

Sunday, 03/24/2019 2:42:37 PM

Sunday, March 24, 2019 2:42:37 PM

Post# of 296
The Moonshine Iron Ore deposit it's self has 1.3 Billion tonnes of proven 30% Iron Ore.
If we say it will take 2.5 tonnes to bring it to a concentration of 68% +
1.3/2.5 = 520 million tonnes to market.
FOB cost $40 - $55 per tonne (loaded on ship cost) current Iron Ore market prices $85
$85 - $55 = $30 per tonne profit
$30 X 520,000,000 = $15,600,000,000 profit
That's about $50 per share!!
This is not including any of thier other Iron Ore holdings or gold, lithium etc.
BOOOOM!!!!! GLTA

Read more at https://stockhouse.com/companies/bullboard#LtCmyGIGH7iGJOus.99

BE A LEADER, FOLLOW NO-ONE