Certainly a JV with the Chinese is out as they generally look for 20-30 year supply, so that only leave minor steel producers who are doing it tough atm anyway. This will be hard to get up and running in any meaningful way. I'm a long term holder but this is somewhat disappointing and the market will loose interest hence sp decline.
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- npv 4x current sp, phase 1 only!!
npv 4x current sp, phase 1 only!!, page-22
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