Perfect example of the fantasy Dy supply/demand retohric being falsely portrayed by this company.
http://northernminerals.com.au/wp-content/uploads/2018/01/Low-emissions-Conference.pdf
P.4 it states 2000t/pa EV demand for Dy by 2020.
P.6 chart shows Dy demand 2020 @ 1696t/pa. They can’t even get their fantasy figures to match up lol.
P.6 chart again, shows 2017 Dy demand @ 1476t/pa and supply @ 1150t/pa. Anyone actually believe that last year Dy supply was in deficit by 326t??? And China still managed to stockpile a whole bunch of Dy throughout the year as well, yet Dy price was languishing near its multi year lows.
How anyone can believe in this companies fantasy business plan is beyond me. If you’re a SH, jokes on you unfortunately.
Ann: Browns Range Project & Financing Update, page-28
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