True enough that nothing has really been lost. They can still produce and stockpile aggregate for that first order. I imagine that there will be a shut down at Xmas for HBK but not certain so I don't know when they will have enough to fill the order. I asked Gary yesterday what their target production rate would be for 2015 in tons per day. His response;

Hello Brent:

Our first half of 2015 target is about 1500 tons per day.

So, the first order for 150,000 tons will be about 100 working days. He did say that this was a target for the first half of 2015 so I am assuming that it can/will be increased as required. I get the impression that they will be able to sell whatever they can produce at that rate. But, if they are bidding on larger contracts the production rate would have to increase. At that rate a 1 million ton order would take about 2 years if you consider some down time in the equation.

It all looks good to me!

A question PennyMaster. In your post yesterday the figures you used would mean the first contract was sold at $22 per t. Was that an actual price that was provided by HBK? And in your example of a large contract the price would be $30 per ton. I am just trying to get an idea of the possible selling price going forward. I think it will vary depending on size and quality but is $22 to $30 per ton a reasonable assumption for me to use? Thanks