Hi occasionaltrader.
I did not say I had read every post for the last 2 years.
It goes back further than 2 years.
It was over 2 years ago that they said they would export their first shipment of iron ore to China from the first two tenements.
I had honestly forgotten that the plant was going to be on another tenement.
I did not post false information about buying shares.
What about the options that went with some of the buys.
One buy had 50 million options attached to it I believe.
What are they worth now?
Have they bought the third tenement?Have they done drilling on the third tenement?
They said there are plenty of opportunities to get iron ore from others.They now say they are having trouble getting other's iron ore to beneficiate.
If they are having to look to others to benificiate their iron ore,does that not prove my point that their two tenements are too small?
Sixty million tonnes is a guess.Even if it does have 60 million tonnes,how much beneficiated iron ore will it produce.
I published the site that gave the price iron ore was fetching in India.I was not telling lies,it was there for all to see if they wanted to.
Someone just recently said they had spoken to a Director and the Indian iron ore price for 58% Fe was north of $100 per tonne.In the last announcement around a week later they are saying it is US$90 per tonne.
Regards
Westcott.
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