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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.


TSXV:AAA.P - Post by User

Post by godmanon May 19, 2011 12:32pm
283 Views
Post# 18601059

Trucking Issue

Trucking IssueI have been a little concerned with this issue for a while now, but after extensive google mapping this area and it is a waste land in the middle of nowhere I have done some figuring. We need about 60 to 80miles of road to get to the existing road at Lake Afrera. There is a road going thru the hills to highway 1 but that is a goat trail and the long way around. With a two day turn around trip from mine to port, the $50 a ton shipping should be adequate, its the number of loads thats a little large, my estimate 110 truck loads a day, which is very possible. So you would need 250 trucks hauling steady to move 1 million tons, not bad. Even increasing volume before a railway is in place is possible, just requires a lot of trucks, but with future mining in Ethiopia they should be easy to get rid of once the rail spur is in place, at probably a cost of $300 mil. or one year sales of AAA mine alone, so it will probably be put in place very quickly because of the benefit to AAA, other future producers in the area and Ethiopia Gove.
 The west side looks high enough that the water should not be an issue, the east well thats different but I know crap about that. JMHO
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