Cliff Natural Resources Inc. believes that the purchase of this “robust deposit” would increase their sales revenue dramatically as noted above, $1.4 Billions$$ per year in added sales, for the next 50 to 100 years, these deposits being so large, hundreds of millions of tons, and only mining approx 3 Million tons a year of High Grade Chromite to process into 1 Million tons of Ferro Chrome.
Based on Cliffs own advertisements, they intend to produce about 1 million Tons of Ferro Chrome from about 3 Million Tons of FWR high grade Chromite, and thus expects to add to their annual sales $1.4 Billions$$...this is at 80 cents a pound for Ferro…It’s now much higher, and expected to go back to it’s high of about $2.50/pound…So some unbelievable “riches” will be made from these FWR+ Deposits for 50 to 100 years of production…..
Sunday, January 3, 2010
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