Saturday, December 10, 2011 12:30:33 PM
Move from exploration to production And shipping
2 shipments have been sent out, each multi-multi million dollar shipments (think 5-8 million revenues per ship, in an industry that profits 50 to 60 percent.
Trucking for the 3rd ship is currently underway or complete pictures can be viewed and dates verified on them. 3rd ship expected to leave within weeks, and could be a larger size.
Equipment has been added, LARGE equipment, to help further excavation. See my icon for one item they picked up. It requires revenue and profits for such equipment as There is no dilution.
Inventory Enough inventory in port for at least one more ship, but likely much more. The laydown yard had been overflowing for awhile.
Coloso vein and drilling
A drill program has been implemeneted (verified by the company and in pictures) in which a HUGE discovery of Premium iron ore was found, with massive concentrations in a small area which will allow for even more efficient production moving forward, especially paired with the new equipment that is soon to be in play (independent source confirms the equipment is being worked on right now).
Catalysts going forward:
Financials, which open up the door to CE removal, and uplisting.
Merger of multiple entities into 1 larger company...see company PRs.
News on Nazarena, the "BIG" CWRN mine.
Production increase post-financials (production will and has been increasing, but it hasnt and will not have the desired positive effect on PPS until financials can confirm)
Feel free to add to the growing list of positives here. Great things heading our way!
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