RE:New Millennium Iron Corp. Issues Open Letter to ShareholdersThe balance sheets are good for now and yes they are located on the richest zones of iron deposits. They are partnered with Tata Steel for whatever its worth but if the world is going through a slow economic down turn and stagnate for the next few years, as announced from a United Nations representative yesterday and China has very much slowed down the imports of iron ore, what is there to say? Give shareholders at the meeting the best PR ever with lots of forward looking feel good statements?
You be the juge.
All in my opinion.