No, I'm not a subscriber to Ihub. I was going to join and never got the job done. There is not a lot that we can say. We agreed not to disclose a lot of what was discussed.
The miners are working as hard as possible to make this deal a success. They are fighting issues that a fully funded mine wouldn't have to. They really need the financing deal.
I'm a local to the mine. I live about 30 miles away and have been to the mine and the corporate offices a few times. Yesterday there were 3 out of state investors coming to the mine for a visit. The IR guy, Jim Bender called me asked if I wanted to join the tour. Heck yes!
We spent most of the day at the mine bring shown around by the mine superintendent. We were shown the Mining Plan, what coal that has been mined , what is next and why. We had a short safety course, they dressed us up like miners and took us under ground. We walked about 1/2 mile back underground to the mining face and saw the equipment grinding coal, loading it on the conveyor and out the door.
There was a big pile of coal waiting on a train.
There is so much more here than any other penny stock.
Hi, I have been waiting also. I don't think that it will be too long before we hear something one way or another on the financing. I speak to the VHGI IR guy pretty regular and as it has been stated over and over they are working on it 24/7!
Shipping out 100 car loads every other day at $50.00 per ton.
100 tons per car X 100 cars X $50.00 = $500,000.00 gross per train. Let be conservative and say that there is 50% overhead that still makes $250,000.00 X 15 days per month = $3,750,000.00 free cash flow each month.
And I have heard somewhere that if they can find someone to buy the coal, a train each day is just a matter of having the correct equipment.
Does anyone from the Ihub board ever check in over here? The some of the moderators over there are pretty thin skinned, they act like Junior high school hall monitors. Over there I'm known as "In up to my eyeballs"
Maybe we can have adult conversation with out getting deleted.