Yeah right we are suckers and will help you with your short position. Mr FUD better cover soon for big contracts are coming our way.
@BCONTVentures @deedeemgee This is serious money ^^ that Rio Tinto/IOC is spending on this project involving PyroGenesis' plasma torches ($70 million alone on materials).
Also note:
Taken from the outlook section of Rio Tinto news release: The capital expenditures for 2023 at IOC are forecasted by IOC to be approximately $534 million. The 2023 forecast includes approximately $134 million of growth and development projects. Significant development capital expenditure projects scheduled for 2023 include the redesign of Mill 11 Fine Circuit, the new outgo track at Sept-les referred to above, and the replacement of existing heavy fuel oil steam capacity with an electric boiler to reduce carbon emissions. Significant sustaining capital expenditure projects include the rebuild of induration machine #3 at the pellet plant and the track replacement program on the QNS&L.