RE: RE: RE: ERD stock all time lows It should be rather clear what the intentions of Xstrata are. They want to take 3.5 million tonnes, wash it, sell 75 percent semi hard coking coal, 25 percent high btu washed thermal coal. They want to export via barges. The whole thing costs 400 million or so but maximum funding is only 300 million in the first year after which it funds itself. Our cost of production loaded on a ship is around the 50 dollar mark.
1, Xstrata is hiring a mine manager.
Xstrata says it expects to receive environmental approval in early 2013.
The company estimates the Donkin mine will employ about 300 people when it begins producing coal by mid-2014.
https://thechronicleherald.ca/business/71414-xstratas-cb-plan-proceeds
Everything else that is said here is intended to scare you out of your shares. The price is really low right now, the lowest risk time there is to purchase the stock. That fear you are feeling is your reptilian brain, if you read the facts, and they are easy to find, your human brain will tell you that a late stage project that will generate 700,000 tonnes of coal at a cost of 50 dollars a tonne and will be sold for 200 dollars plus for the semi hard coking coal and more than a hundred dollars a tonne for the thermal coal and generate 50-70 million dollars a year in profit is only worth 32 million dollars, the human voice will make you money.