Hawsons Iron IIR Research Note, page-83

Ah ok. Haven't been following GRR as closely lately. So they are seriously looking into Southdown? Interesting. The numbers there certainly weren't as good as Hawson but they have plenty of cash and the fact they think its worth going ahead sends a clear message on the demand for high grade concentrate and pellets.

But GRR should have bought Hawson sometime ago. They had hundred's of millions of dollars so they easily could have done this. Now they will have to spend more $$ on much less profitable project. It a miracle we haven't had any serious take over attempts since our JV partner tried.

I hope it doesn't happen. Would love to hold a good chunk of my shares as a dividend cash cow 5 years from now.