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DewDiligence

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DewDiligence

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Re: DewDiligence post# 17974

Friday, 02/08/2019 9:50:55 AM

Friday, February 08, 2019 9:50:55 AM

Post# of 30494
CLF’s Empire mine (in Michigan) will be reopened fairly soon, according to today’s CC.

Empire will supply 3.2-3.5MT of blast-furnace pellets to offset CLF's reduction in blast-furnace-pellet capacity resulting from CLF's entry into the HBI market. The cap-ex associated with this reopening will be approximately $600M spread over three years.

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

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