There is indeed a railroad line very close to the property, I believe the magnetite was actually shipped by rail, however I think you are correct DrBob, the rail does not go to the smelter so it will be shipped by truck. The con can be put into huge bags (to comply with environmental regulations) and placed on trucks and sent to a smelter. The transportation cost is just part of doing business. I think its around $1.30 a mile if they can get a back haul. Each load would be around 50,000 pounds, so percentage wise, its not that much expense. I am told that there are US companies that ship their con as far as the Netherlands. We have folks crunching these numbers for us.
