Ann: Moody's Rating Review , page-12

you guys are wondering why ATI is on the brink of calling in the receivers. can't you follow a discussion, or should everyone just continue to blow smoke up MM's backside, averaging down each time ATI issue shares ?

i read the maracas definitive feasibility study this afternoon on their website. they're using a cut-off grade of 0.45% V2O5 - so yep, you'd be better off treating their waste than mining windimurra. a really sad fact.

vanadium market growing at 7% CAGR for the next 10 years - what B/S. The price has been going down while the world waits for windimurra. It spiked for 6 months in 2008 when south africa forgot to turn the power stations on and supply was disrupted. Apart from that its been 10 years flat or steady decline.

iron ore - a scam, 0.15 cents/tonne/km to get it to Geraldton makes $60/tonne on transport. you couldn't sell that stuff for $60. so they might have a market, but our chinese friends will be nailing them to the extent it doesn't cover costs.

so don't be sad, maybe just listen and understand ? the people who have made money on windimurra #3 left the building long ago.