Replies to post #2204 on Magnum d''Or Resources, Inc. (fka MDOR)

[RichieBoy]

Frank there 3 months behind in production

The scrap market is tanking hard with a fledgling startup in a treacherous market the number ONE focus has to be REVENUE.

Scrap Steel is tanking like a Stuka with a death wish!

http://tinyurl.com/65dyaq

In July, scrap metal companies were getting prices in the neighbourhood of $200 per tonne from recyclers for scrap cars. They are now getting anywhere between $35-$50 per tonne and that could drop further.

Magnum needs to pay the bills and crumb rubber and powders are the high revenue return products they must expedite to get the finances back on level. That is why there is no movement on scrap steel recovery it's all about the bottom line right now.

The scrap steel can be shredded and stored much easier if necessary but right now the immediate focus is PROFIT!