RE:Interesting Article Re: Vale $1.5BCorrection...doesn't discuss $1.5B was FOR the raise...projecr expansion costs $1.5B. Point of clarification. Sorry.
macallan25 wrote: So I know we thought it curious that Vale did a raise of $1.5B which would equal 500 torches for 10 plants (ironically). I did find this however when doing some searching on how many plants exist in the world (just to guesstimate market potential for torches). Discusses the raise was for the Serra Sul 120 project expansion. Has anyone else seen this? Thought I'd share. $1.5B could just be a weird coincidence, especially with timing. Regardless, I wouldn't bet against Vale as one of A B or C. https://www.mining.com/vale-to-go-ahead-with-massive-serra-sul-iron-ore-expansion/