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Strategies & Market Trends : Ride the Tiger with CD

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To: gg cox who wrote (108012)	3/15/2008 9:28:32 AM
From: E. Charters	Read Replies (1) of 312289

Right. Those thingies were predicated in the days when the thought they could build slurry pipelines with water in them coursing thru Canada's north. Of course they have to be buried below the frost line or heated or they will freeze. This is majorly impractical. If the deposit require rail transport (truck is just too expensive per ton mile) then it requires 2 billion tons to be practical as 200 miles of rail up there will cost you 400 million. It should cost 100 million, but... And native problems? I guess not.. I used to own claims that had pipeline right away from Hanna Mining back in the days.. Hanna had drilled about 100 of those things across Ontario. All BIF at about 20 to 35%. That lasted until the Brazilians started direct shipping ore that ran 68% and was reducable, or their pellets arrived in Texas, shipping paid at $38.00 a ton. They had no smelter regs or envi considerations. Now Vale is buying Inco, long ago shrunk by Trudeau's new age imperialism of "service". I was told to forget 400 million tons of 35% iron in the mid states. I don't think I will. It has fewer drawbacks than non tidewater stuff at any grade in mid canada. I can get 18 billion tons of Fe at direct shipping grades. 160 miles to tidewater. I can get 4 billion tons of Fe on tidewater. If you can reduce the phosphorous from 4% to 0.14% it is a go. It was once in production but wrong business philosophy. If you do steel, do it raw and simple and low cost. Most upgrading you want to do is to pig except in exceptional situations. If Stelco/Dofasco had stuck to that and fragmented their trade to avoid labour problems they would not be out of business s today, (chapter II) in the mid of the greatest steel rush in history. For a while US specialty steels kept them afloat. Now they are history. Most money making claim I ever say was an iron mine I worked at. Made the prospector 1 million a year in 1975. EC<:-}

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