GREY:CPMNF - Post by User
Comment by
greenandgoldon Oct 13, 2011 2:43pm
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Post# 19146464
RE: RE: RE: RE: Rail, ADV vs CHM
RE: RE: RE: RE: Rail, ADV vs CHMWhy are my rail capex numbers high? The cost of construction equipment and labor has skyrocketed since CLM built its rail spur for $5.3 million per km 2 years ago. Should you trust management's optimistic projections of capex (they almost always underestimate) or real-world examples of how much a rail project, in the same area, cost in recent years? I'd go with the real world example.
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Again, I'm not impressed by the Consolidated Thompson hires. They are hired as advisors, not executives (CEO, COO, etc.). They don't cost much in terms of compensation and they're a good talking point, but where's the beef? And not too many companies were beating down Quesnel's door with job offers, considering his insider trading conviction. Hire a CEO or COO who has run or built an iron ore mine and maybe the market will start to believe Champion's really a future producer, not just a takeover candidate.