Well, I hope so. In any case if Russell Clarke is able to get even the funding needed for a more modest incremental start up of Southdown, the SP will readily reflect that.
The good thing about GRR is that there is am income stream from Savage River, although the earnings should drop a bit in the 2nd half of 2009 given the lowered pellet benchmark price. Then again pellet benchmark price will shoot up soon. The global steel demand recovery story is getting stronger everyday.
Perhaps spot pricing is the way to go (if DSO lumps bencemark price trend is any guide).
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25.0¢ |
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Open | High | Low | Value | Volume |
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5 | 223086 | 0.245 |
22 | 375832 | 0.240 |
11 | 259498 | 0.235 |
10 | 158579 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 95475 | 3 |
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0.265 | 149325 | 5 |
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