Do you even have the slightest clue what it costs to build an iron ore pelletizing plant?
Whilst I think its a terrific idea, I question where is the money coming from.
All that will be done is to accept the inevitable, ie continue the current strategy of building a low volume capability for producing a lower end product and then finally go bankrupt. Management will have sucked the trough dry by then.
IOR Price at posting:
6.9¢ Sentiment: Sell Disclosure: Not Held