We are the hands of HGO now. They could just let the projects stagnate but you would have to wonder why they bothered in the first place. On the other hand they could use ITT to support their own valuation in the same way that ESG does for them. With only 10 million-ish shares left in the free float, ITT has the potential to move up very quickly. Would be great if they chose to make a flying start on the iron ore projects.
