GREY:BLITF - Post by User
Post by
Tommer3on Jan 08, 2015 11:15am
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Post# 23298054
Nothappening....... FYI
Nothappening....... FYIWhen they do announce a contract for the sales you can bet a lot will be happening from that announcement. Wouldn't it be nice to see a contract for the entire 300,000 tonnes right out of the NEAR-TERM gate? They did indicate they won't be on the property till late April/early May and have indicated a self imposed mandate to secure a contract by the end of MARCH 2015.
Reading between the lines this suggests to me they have no plans to take any old contract.... they will take the time to secure the most profitable contract possible. They have the time as they plan to start shipping aggregate in the spring.
On a side note...have you done the math on what 300,000 tonnes at $70 -$80 bucks a ton will fetch? For conversation sakes, let's say costs are half of that to deliver. That's a conservative $10 million net profit. If they have a buyer come in for the entire allotment.... I am sure the ministry will increase the yearly allotment in a heart beat. And it's no secret they have 10 plus years of rock to ship on JUST the first 2 cuts that they prepared in 2014.
Lastly.... another catalyst will be learning what project they want to bring into production for 2015.
They got Buttercup permitted and production READY last year... 8 months from start to finish. And they tipped there hat they plan to do it again IN 2015 BY INTRODUCING another project to bring online to PRODUCTION.
Respectfully... nothinghappen you might have to change your alias to alothappening in the not too distant future. :)
I BET newsletter writers will jump on board, based on the fundamental merits ONLY, and cover the story just so they can introduce a successful investment to their SUBSCRIBERS. :) Pretty smart don't you think? Fairmont hasseen already several times - Marketwatch TV being one of them!!!
Best regards,
Tommer3