I think your friend needs to focus more on us being a possible lower cost provider. This might be more of an important factor than supply/demand. Another important consideration is having a mine in Canada. Things can change on a dime in Brazil.
I would also like to hear your friend's take on Scott's recent dealings with Shining Tree. Where 2 private mining companies both owned by Scott invested in the Shining Tree spin-out when we haven't seen a share of that spin-out.
Giving up 97% (1:35)of a company is a pretty steep price to pay!!!