GREY:AXXDF - Post by User
Post by
greenandgoldon Oct 07, 2011 8:32pm
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Post# 19131745
Old Morabito Video
Old Morabito Videohttps://tv.financialred.com/presentacion-de-alderon-resources-corp-sobre-la-inversion-en-hierro.html
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Mark Morabito presentation to investors in Madrid from Summer 2010 (skip first 14 minutes of Spanish introduction). Very amusing, especially on the Consolidated Thompson story (ArcelorMittal refusing CLM access to their rail line; Cliffs refusing CLM to access to their mill at Wabush) and on how he bought the property from Altius.
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Makes clear again what a dogfight rail access is in the region. The market didn't believe Consolidated would be able to raise $100 million for building its rail spur! Stan Bharti raised the money with the WISCO offtake deal and changed perceptions of what is possible for an iron ore junior. Morabito thinks Champion Minerals is screwed because of lack of rail access.