ELE 0.00% 0.5¢ elmore ltd

Red dust to riches - NSL in enviable position, page-142

  1. 3,284 Posts.
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    Broken record Tinny, how many times does it have to be said

    Phase one ore is not steel grade
    Steel demand is high

    Phase one ore is sponge iron grade
    Sponge iron demand is not high enough

    If someone like BMM Ispat can't operate at these margins on sponge iron, no one smaller will likely be able to either

    Phase two ore is high steel grade ore and the demand for it is extremely high domestically

    Surprised you have been so quiet lately, figured you would be trying to poke holes in their steel plant announcement or them being on time for Phase Two

    Running low on negative sentiment?
 
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