ADY 0.00% 0.7¢ admiralty resources nl.

possible scenario, page-5

  1. 1,163 Posts.
    ADY has previously had many JV partnerships and the maximum tonnage of I/O they could ship in one month remains at 30,000 tonnes.

    On 17/01/2008 Admiralty Resources confirmed that it is close to concluding a 10 years contract for 50% of its iron ore production from its jv in Cia Minera Santa Barbara in Chile. The other 50% has already been allocated to WISCO, Wugung Iron Steel, Chinas second largest steel producer. The company also advised that interim FOB benchmark price increased to US $51.78/t FOB, a 13% price increase, until 2008 CVRD benchmark price announced.
    It never once exceeded 30,000 T/month. At this rate, it will take 1500 years to ship 500MT.

    Then in their (ADY's) latter day's, after they had crapped their nest with the contractor, Besalco took their trucking equipment and locked the gates - never to return.
    Whom does the "messiah" Gamble suggest may be available to do the logistics now. People in Chile have very long memories and are hardly likely to come running to grab a job with another foreign company.
    And before you start trotting out the "he's been badly burnt crap again", I'm only offering a different point of view from Gamble's pie in the sky, blue sky rubbish.
    If you require any more history, I can supply.
 
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