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DewDiligence

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DewDiligence

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Re: DewDiligence post# 17160

Tuesday, 09/18/2018 2:21:36 PM

Tuesday, September 18, 2018 2:21:36 PM

Post# of 29294
Answers to CLF quiz (#msg-143582646)—here are two misstatements in the MF article:

1. “A large portion of the iron ore it produces consists of what are called DR-grade pellets…”

Not true; DR-grade pellets are only a small portion of CLF’s production.

2. “Now, [CLF] intends to take on another high-cost steel input that is traditionally imported, hot briquetted iron.”

Not true; MF is conflating HBI with pig iron.

There may be other misstatements in the MF article in addition to the above.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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