Any profit is good. But "playing in some else's backyard"?
We have been there for years. Our key people have lived and worked in the local village. We are the only foreign company in the Indian mining sector. We are committed to excellence in corporate citizenship. We are walking that talk. We have MOU's with the GoAP. They have allotted us 250 acres of land for a pellet plant in Orvakul. They have allotted us an adjacent 750 acres of land for a steel plant. They are urging us to ramp up as fast as we can. Chinese equipment manufacturers, EPC companies, and potential JV partners are lining up to work with us and fund us in Andhra Pradesh.
I would say that our prospects are bright playing in what is clearly "our own backyard". IMO.
Just sayin'.
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