It isn’t what was meant. He was referring to analysts who cannot believe CLF will be generating the cash they are printing in 2022. They made over $500 million EBITDA in January 2022 alone in what is expected to be the slowest ‘22 quarter by CLF and all the auto companies…
Even for the ones that don’t believe that we are going to generate the revenues and the cash flow that we are going to generate in 2022, if they believe that our EBITDA will be -- let’s put a number, $2.5 billion, $3 billion, then you end up with 2 times leverage. It’s still very healthy. So even the naysayers have to admit that a company leverage 2 times is good. But guess what, Lucas, based on the refinancing -- not refinancing, based on the renegotiation of our sales contracts, our cash flow generation should keep us within this onetime leverage or less. So, that’s what we’re working on here at the company with a backdrop of reality.
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