InvestorsHub Logo
icon url

Farmboynate

07/29/09 7:02 PM

#29033 RE: just-the-facts #29031

5000 tons is about $350,000 worth 700 tons a day 340 days a year thats 16,660,000 million worth per year of magnetite
at 70 dollars a ton with a total of around 238000 tons per year

Magnetite Production

In August of 2008, Western Utah Copper/Copper King signed a 10-year contract
with a large coal company to supply magnetite. Pursuant to that contract, the
Company has removed, washed, processed and shipped by Union Pacific Railroad
over 5,000 tons of magnetite concentrate to date. The Company is now increasing
its output rate to approximately 700 - 900 tons per day. This production is in
addition to the production from the mill described above.