RE:VIRTUALHi Goliath06,
I dialed into the event. David presented for the first 26 minutes and then answered participant's questions.
Some takeaways -
Phase 2 remains on track for April.
Expect to see 8MTPA of our product @ 69% DRI.
Plenty of rail and port capacity for future expansion, well beyond phase 2.
No issues whatsoever with sales, this year's product accounted for and working on future sales including phase 2.
USA, Japan, Europe demand for high grade increasing, which works well for us as lower logistical costs. Whilst China is a customer, we do not rely heavily on them like other miners.
Significant investment into EAF steel production is being realized globally and the company expects to see the premium for DRI move closer to scrap prices.
Any new high grade mining developments are many years away (min 7). E.g. Africa (Guinea) has been talked about for decades and is still a long way away.
There was plenty more discussed, I think the presentation will uploaded at some stage?
Best,
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