possible 50 mt iron ore, page-11

Jiblet are you all there ? Scatter gun approach ? Do you think they can bring a 100MT deposit online within 3 weeks . There are always operational and transport costs associated with any mining operation . Some operations will incur higher exploration or cartage costs depending on their location and proximity to the deposit Read their announcement . Proximity to the coast means any future production will not incur the usual high transportation costs . This is one favourable factor . with the spot price at 200.00 even if they can achieve 100.00 that is 1B but of course there is more work to be done and because Gulf is a relatively small outfit they cannot focus simultaneously on all of their projects .
Get some sense .