what if
posted on
Jan 22, 2011 07:29PM
so we have a benchmarch of $12.50 per tonne of chromite in the ground. at this point we need a buyer for the value to be realized. the ontario provincial government is looking to create jobs and there are several mining cities in northern ontario with the facilities to refine the chromite. what if the government supplies the railroad with user fees for the mining companies that use it. probe builds an open pit mine and ships its ore to one of these mining town. what would the chromite be worth delivered to the refinery? does anyone have a price per tonne for raw chromite delivered sudbury or even a port where it can be shipped to china. the cliffs deal would be neat and tidy but maybe not our only option. i feel the pain of the sp loss but we are only 3 weeks into january so i am not in a panic. i doubt very much that cliffs is trying to drive the sp down by manipulation. if they can shell out 4.8 billion for a takeover i doubt they would be playing around with the market to save a few million dollars. the sp went up a crazy amount in three months and some people have taken profits while others jumped in late and got scared by the drop and sold. what we have left is the believers that know patience will be rewarded. i also was involved with northern dynasty and it went from 4 dollars to 16 then back to 4 now it is at 17. this is not lotto 649 it takes time for things to develop and there are ups and downs. i use to day trade but that was very stressful so now i hold probe long and strong cause i know this is a good company and time will reward the investors with stones