If GRR ever find a partner to develop Southdown then that would be the key to unlocking the general SP decline since the 2012 or $2. IMO there is a bottleneck (managerial and physical) that has restricted annual sales to 2.4Mt - a target set in the 1960's when Savage River project first began. The SP appears to move mostly on pellet price increases coming demand from China's environmental policies and tailings dam failures at Brazil's Vale mines or C1 costs due to stripping/dewatering/wall damage/possible Under Ground development. It would move if GRR increased dividend as well......
Good luck
When the boat comes in???, page-189
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