Phase 2
at these iron ore prices, we would make enough money to pay for the phase 2 expansion in a year or less, no? Am I mistaken? Also.. when things start to get going, and we start to trade at a multiple of expected earnings (and then of actual earnings), that multiple should be quite high because of the impending phase 2 expansion, no? I know the long term iron ore price forecast has a significant impact, but still, I can't imagine that the market would fail to account for an expansion that doubles our output.. especially one that is self funded.. anyone care to comment on any of this?