IO Futures says bottom, page-9

My concern is that it is being now widely said by many market analaysts that IO prices could well go down to the $40/ton level......If that is the case then BCI shares imo could drop to say 20c / share or even lower. I think now is the time for BCI to put all their project on hold and in maintenance mode for now so as to conserve funds/cash flows for now and just wait it out for at least 6 months for the IO market to sought itself out. This could be considered by some here as a bold move and inappropriate, but I strongly believe it is one which in the long term could lead the company to survive these uncertain times.