My horse has word or two to say about the Real Estate Noteably absent according to Ed, in the discussion so far, is some consideration for the value of land that the NIF smelter sits on. So I, and neither does Ed, don't remember exactly how big the site is but I think it might be something like 100 acre. This site is very prime industrial land, complete with a ship's berth on the seaway, a rail connnection, and a rather heavy duty power supply,. Also close to major roads and near a major population center. The value of the land on the company's books, purchased decades ago, has no relatation to it's current value So this is the reason I, and my barn mate, have held onto this stock for a very long time. Because even if the smelter, can't make it economically, the value of the land is worth way more than the market cap of the stock. That said, the current business conditions for company, Ed thinks, have never been better. He and I think it is likely, given the current state of the zinc metal price, metal premiums, treatment charges, and sulfuric acid netbacks, that the company will earn enough THIS YEAR to pay for a new cell house.
And so, The House of Galvanized stands with steeley eyed determination with the Riverstyx insurrection.