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Re: bradford86 post# 979

Tuesday, 09/08/2009 4:21:05 PM

Tuesday, September 08, 2009 4:21:05 PM

Post# of 2230
I think if the 6 mines were all doing more than 300KTons each per year, they wouldnt need to be acquired or "consolidated" in the first place. Why would they? So my guess is the average capacity of the six mines will be somewhere b/w 100KT (your worst case scenario) and 300KT (but not 600KT as per your first post). I think 150KTx6= 900KT is a reasonable guess. If PUDZ gets it.
But the other thing is: if they already have an approval, they cannot hold it secret for weeks and would probably have announced it by now. This would also get them more attention/leverage at the conference like LLFH just did today with their PR. Also news would have leaked out by now and the stock price would not be where it is today. So I tend to think it's more likely that Plan B will be announced in NYC: more interest of the current mine acquired.