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Thursday, February 27, 2014 3:27:16 PM
If the bond issuance is successful, that will be a good thing, but the interest rate will influence their margins. The other benefit is the transporation costs associated with barging their product are purportedly 1/3 the cost of rail and 1/5 the cost of trucking. What is going on in New Orleans is a big question mark. How do they get their product from the barge to the ship for export? Are there existing facilities there or is there another project and storage cost there that aren't factored into the equation.
I'm happy about the news release, but as always, I don't just drink the Kool-Aid without asking more questions that we don't have answers to.
Phillip
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