Fundamentally, one must not forget they are targeting 50% export and 50% domestic steel mills.
A few points:
1. The trucking rate mentioned is for current shipments to port for export only. 2. The trucks range in size from 35-50t. 3. They are currently trucking 50 per day, but have comfortably achieved a 65 per day peak.
They have not planned out a beneficiation plant without examining the trucking capacity to port or the domestic steel mills. Gotta give them more credit than that!
Cheers
Pihrana
TI1 Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held