Champion Iron Mines Limited CPMNF

RE: RE: RE: RE: RE: RE: Rail, ADV vs CHM

[greenandgold]

Fact: it cost CLM $164 million to build 31 km of rail, a train yard, and support facilities. Some of the "non-rail" costs do scale along with how many km's of rail you build. More kilometers of rail = more sidings, more support infrastructure, more bodies of water to ford, more permitting costs.

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What do you think it's going to cost Champion to build 62 km of rail, train yard and support facilities today, when equipment/labor costs have skyrocketed? A million per km? Really?
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Don't believe the optimistic management nonsense. Champion's 62km spur is going to cost at least $300 million. And if they have to build 140 km of rail directly to QNSL? Oh lord, the project will be in deep trouble.