DSO is just keeping the lights on stuff if you need to do it or...

DSO is just keeping the lights on stuff if you need to do it or of course, is your core business .

For example , different ore of course , but same same with regard to pricing cycles , but PLS ran DSO initially to keep the lights on and lost a motsa when the price shifted which actually in the end resulted in thousands of tonnes lying in ports with no home. They also burned a load of cash on upfront plant , equipment and process brought on specifically for DSO production which was canned over a very short period of time .

MGU obviously have far bigger ambitions with a cracker resource and potentially customers such as heavy hitter Anglo at the table , whilst also getting the ‘green’ stamp. Cash burn is currently low with focus on an end game, which should see SP get a rocket under it short / medium term , so why get into DSO and selling ore for pretty crap shifting margins ; whilst instead your ore can be used in higher prices and margined product I.e. HBI and pig iron.

Personally I wouldn’t have invested here if they were running DSO. Ditching it and apparently running full tilt behind the scenes suggests they are going to track this pretty fast IMO