Agree, but then reading the 'announcement' from yesterdays press conference in Peru , i guess investors are sitting tight on their shares considering the potential upside of 'developing' 'evaluting' '5-10 years' etc.. and other short term 'fixes' that CDII are doing :
The first step of the process is underway and involves working with Mapsa to develop iron ore mining projects in Puno, Arequipa, Moquegua and Tacna regions, estimated to produce 3.5Mt/y of iron. CDII and Mapsa are also in the process of evaluating the development of a pig iron plant in the south of Peru, requiring an investment of approximately US$550mn.
Depending on permits and the success of these first two stages, CDII looks to start development of its first steel plant in Peru in 5-10 years, and sees Peru as a base for distribution back to China as well as other international and regional markets.
end
Guess nobody else did see the potential of MAPSA.