RE:Misdirection Drhoho wrote: So much negativity directed toward "management". Language barriers, ie, Paulo Misk and Paul Vollant, are real....
Paul Vollant’s lies about the iron ore fiasco had nothing to do with “language barriers”. An executive who lied to the shareholders / stakeholders with a straight face. What else has he lied about?
Q1-22 CC
Andrew Wong
No. I think that helps answer the question. Maybe just a little bit on the quarter. It looks like there was a little bit of iron ore sales this quarter. Can you talk about the volumes associated with those sales and what we can expect going forward? Thank you.
Paul Vollant
Yes. Andrew, we sold limited amount of iron ore this quarter. We had to deliver many sample and trial quantities to various customers in Brazil and outside of Brazil. We're definitely expecting to run that up depending on market condition. As you know, iron ore prices have been quite volatile over the past 6 months. But given prices and market remain as strong as it is today, we're going to continue and increase the sale of this commodity.
Carlos De Alba
So if I may, could you be a little bit more specific on the iron ore outlook for volumes, please? I mean, at this point, you must probably know how much the byproducts from your operations are going to be and given that a lot of investors got quite excited last quarter on this alternative or complementary revenue stream, it will be appreciated if you can be a little bit more detail on your answer on that.
Paulo Misk
Yes. Thank you Carlos for your question….Sodium is not an element, a material naturally in the iron ore, titanium has potassium like some iron ore from Chile, but not sodium. So the customers are not accepting higher sodium or even low, even below specification. And so they are not accepting to have sodium in their material. They are complaining. For that reason, this blending strategy didn't work. We try to sell our materials directly to China.
However, the lab has been classified as a solid waste, which is the reality. So somehow, which we think it will be easy to sell, considering the high price. We have been giving some discount. But it's not that easy. Maybe some specific customer if we find them but to be frank, I will not count to sell the iron ore this year going forward….