RE:RE:Q1 Financial Results...The rebound to around $100 a ton is not going to happen in the current global economic state unless any one of the following materializes:
1) There is going to be a massive military buildup around the globe needing iron.
2) China's growth will go again beyond 10+% and start buying massive quantities of iron ore which is highly unlikely in the forseeable future.
3) Major producers of iron ore are cutting down very much production, which is highly unlikely because their goal was to kill off emerging producers in the first place.
So what future does NML has going forward? Hope?
All in my opinion.