RE:Shipping costsJerry, you are wrongly. assuming the worst case which is a 70% restriction. APL is covering all costs the mining, transport, processing, packaging and shipping to customers. They know what they are doing, you don't. Are you covering your short position? Oh my 60 cents! That's plus 24%, no wonder you are coming unglued.
jjeerryy wrote: depths, as thepbay has said in prior posts, YOU HAVE NO CLUE AS TO COSTS!
When you see that big tri-axle dump truck hauling gravel along the highway. It carries only $50 to $75 of material yet at delivery they ask several hundreds of dollars (near $500) for that load. The mines will use bigger trucks yet and much highers hauling costs.
In that case they try hard not to haul during 'load restrictions' as they don't get to haul their money's worth at 70%!
Go pump this stock to your mom and leave us alone!