dlETZr,
They are spending on conversions, which is fine by me....and they have taken a conservative view and accounted for there losses as well which is capital expenditure..you can not discount the revenue now and they have been busy upgrading.
smart move to go to pig iron as we all know its due for an upswing, pig iron is the price stabiliser for nickel....
they keep on plugging away!!!!
Ann: Preliminary Final Report, page-12
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