OTCPK:PILBF - Post by User
Post by
seatleslimon Nov 13, 2015 1:41pm
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Post# 24289489
More on Redwood City
More on Redwood City
And then there is this dated this past July: The Corps spending over $70mm to improve the shipping lane in redwood city. It's fairly black and white: they are talking about Polaris. Orca's aggregates are something like 75-80% of what moves through redwood city. Between this job, what has already been spent and the CX project there must be almost $100mm in third-party public and private capital outlays virtually dedicated to Orca imports at this one small port -- some of it seemingly being directed and choreographed by Cal-trans. I think the concerns about where we might be in the cycle are completely valid, but there is sustaining asset value being created that is approaching or even above the current price.