RE:RE:RE:RE:RE:RE:RE:RE:RE:Cash on hand: 500M$Well done with the translation!
I was listening in on the 3rd quarter financial and operational results today. Yep, Phase 2 is still on track to come online mid 2022. It was also very pleasing to hear talks about a potential Phase 3, which will ramp things up to a target annual production of 28 to 30 million tonnes. There was also some talk about DR pellet feed (circa 68%) and I'm sure I heard that the goal is to have the infrastructure in place to be able to produce all of our product DR pellet feed.
The Port facility has capacity of circa 44MTPA, and only one other user with nameplate capacity of circa 6MTPA.
Rail infrastructure and capacity no issue at all.
The P62 and P65 gap is widening, and widens even more with our 66% and DR products, more highly sort after (reduction in emissions, more complex steel focus etc.)
Cliffs saw CLM valued at C$4.9B when iron ore prices were similar to where they are now.......our market cap is currently less than half of that!?!?!
Very exciting times ahead!!!!