Poly is quite correct when he states that the true value from the ROF will never be attained by taking such a narrow outlook as upgrading the ore for shipment to China.This probably accounts for the involvment of Cliffs at this early stage, and also why they are moving forward at such a slow pace. If the economics can be proven to redevelop the North American steel industry utilizing all local materials, at a cost that beats anything that is available worldwide, we would have a huge winner here. The beauty of it is that it will all come to be using the latest in technology all around, from mining procedures, milling techniques, mode of transportation, and smelting processes. To put all of this into a package and determine economics of it all will be a very slow process, as it should be, but once done it will change the whole landscape for all of us who have remained with it. Perhaps this reasoning would explain the slowness of news as they want to be able to present an economic picture that will work.
That slowness does appear to be coming to a close, as the rate of public releases does seem to be increasing rapidly. Couple that with the seemingly better looking market outlook as the tsx.v just went over the 1000 mark, and maybe we are getting a head of steam built up here.
Regards
K
