article in bloomberg, page-75

Hello James Duff. An apology first .

I forgot to edit out your name when I reposted that post.

Sorry about that!

If the chinese want conditions that are unreasonable management are experienced enough to leave things up in the air while they talk to the Koreans and others.

Personally I'm wondering now that they seem to have established steelmills are interested and narrowed the list down to perfered steelmills, do they need a strategic partner?

I mean DFS has put a conservative value on this project of $99 Billion, 30% of this is $33 Billion worth of IO .

If they sell this to a cashed up steelmill,or one willing to take on debt of $5 billion broken into payments say of $500 million up front followed three other payments of $1.5 Billion each .

Why do they need anyone else?

Conservative $33 Billion ,it will probably be worth three times that, for $5 Billion.

Thats a great deal.

Cheers EWO.