few numbers to mull over, page-2

averaged down again at 1.05
Thinking the justified fear of steel industry slow down, is making all risk on ops. look bad.

Just hope the engineers here are good enough to get the cash from the offtake agreements flowing. Also hoping the off-take agreements will cover the loan payments until market demand can take over.

Too stupid to do these calculations and too busy to learn. The ole shoot from the hip approach is all well n' good in the bull, but is suicidal in these conditions.

That said, I look at the assets these guys have and how far they have come....and I feel greedy..