common
RIO and BHP are like at 63% DSO by the megaton, they have some CID but have gone through all the crap and capex for plant building to be able to make some money from it, if not high margin like DSO. Though there is often actual DSO, still pellet sales from RIO would suggest others would not be econommic. I think like $70 a ton costs and with expected revenue of not much more makes one wonder where a junior can cover capex.
RIO and BHP are not making the huge $$$ from pellet sales they are making it from DSO.
Pure and simple
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