MWC....perhaps you may have forgotten some of the following commentary by PBLS management. I am also curious if you have ever owned and operated a large business; cash flow is critical to keep the doors open and the employees paid.
The Sand & Gravel Lease is located on a railroad line and is the closest of all existing mine sites to the I-59 and I-10 interstate highways serving New Orleans and the Mississippi Gulf Coast area. Management believes that this key location gives the Company an important competitive advantage due to the significant savings in the costs of transporting mineral and soil products to customer sites in the New Orleans and the Mississippi Gulf Coast areas. Management estimates that a contractor on a large construction project, lasting one year or more, will save a minimum of $40,000 per truck per year in fuel, maintenance and labor costs by purchasing mineral products from the Company as compared to the Company's nearest competitor.
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The mineral and soil products that the Company mines have a wide range of uses. These products are used in buildings, highways, foundations, levee construction, concrete, asphalt, glass, swimming pool plaster, golf courses and beach replacement. Management believes many of these product uses are recession-proof which, when coupled with their variety, will contribute to the stability of the Company's revenues.
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Presently, the demand for the Company's mineral and soil products is strong enough that the Company is able to sell all the mineral and soil products that it is able to mine. Additionally, the Company has over 100 customers who have indicated a willingness to purchase
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