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Let's Roll

02/24/14 2:06 PM

#10774 RE: HiddenGem69 #10769

They are in talks with European financing firms for a capital infusion of $25M-40M+ http://goo.gl/Nvn0q0
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Aufklaerung

02/24/14 2:10 PM

#10778 RE: HiddenGem69 #10769

Yeah, HiddenGem69, it's going to be super important! It will allow Britannia to maximize their returns from the ore they sell.

http://www.britanniamining.com/britannia-mining-to-advance-cear-transportation-and-cargo-services-agreement/

The Company anticipates developing its MOU, which currently affords Britannia an approximate annual hauling value of USD $80 – $100 million, transposing the understanding between the two companies, into a full and commercial agreement. Management expects the internal logistics of CEAR to increase significantly over the next year. This process is expected to further increase Britannia’s ability to transport even greater volumes of iron ore, increasing its anticipated revenues.