point 1. 6% of what? global production all at once? You forget that Turkey is unstable and USA wants to pivot away from then, mandated. In a similar manner as other resource feed stocks. Have you determined how much reserves RIO have remaining in ground?
point 2. You are measuring your 6% of global production on which time frame? Today's? or the forecast of increasing future demand? or would those calculations be too difficult for your excel abilities?
point 3. you seem to be what's referred to as a 'blacker dog personality' being that your dog is obviously blacker than anyone else you knows dog..
point 4. How do they protect their market dominance? Major customers at home (USA) who'd want to buy the local product. Are you aware that there are also sanctions on Turkey due to Erdogans belligerence (your smart? you must know who he is?!
point 5. Value adding for any resource component is always preferable, if it can be done in a cost effective manner. All companies / boards have a fiduciary to add value to an enterprise. It's not like they are smelting iron ore into Pig Iron which is energy intensive!?!
point 6. Did you miss the announcement with the linked buyer / selling agent agreement, whom likely already know that future source stock is potentially reducing, so they have sought an advantage with a company with proven reserves.. Can you not grasp that different commodities for different end users are required to be delivered in different material forms? What's wrong with value adding to that pint rather than expiring the raw commodity.. Removes the middle man whom else adds value to it for selling in a form where it's usable for end client customer. Perhaps you should research the whole process..
But of course your dog is blacker than anyone else's and obviously your car is whiter than anyone else's white car..
ABR Price at posting:
$1.36 Sentiment: Buy Disclosure: Held