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Mohonk

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Mohonk

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Thursday, 04/15/2021 9:30:49 AM

Thursday, April 15, 2021 9:30:49 AM

Post# of 8121
This company is being EXTRA cautious in getting the operation running ASAP while the price of iron ore is so high with Brazil and Australia being hit with COVID. The company had all last year to figure out the logistics of getting the mine up and running including potential financial investors and have stalled. There are no updates in terms of getting the infrastructure in place or financing for such.

The stalling when they could profit is a bad sign imo. Very bad.

https://www.mining.com/iron-ore-price-jumps-on-falling-shipment/

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