Pellet Price, page-864

Yes, its a clear buy up to 38 cent. With the Vale collapse, the supply situation have completely changed. Now the chinese steel buyers have lost trust in Vale and look for more stable supply. So Grange resources already under chinese management, it will be a easy step for the chinese, to just buy from GRR. And a southdown development seems more and more feasable.

So we have Grange with a stable supply, large profits and chinese management. And as all the decission makers for steel purchasing sit in china, they will be choosing Grange. GRR have done their homework and did renew the internal infrastructure. Ready to boost pellet output. The current year may be the best one for them in years. I think, that could be the last change to get the stock for below 30. Similar Miners have trippled in price.

60 cent is within reach this year and if a partner will be found for southdown, we can easy go to 2 dollars. You better get in quick.