Vale is spending billions of dollars in NEWFOUNDLAND. The New Processing Plant should be completed in less than 18 months. VALE is very busy drilling around the N. LUCKY areas so they can start mining for copper soon. With the VALE-LUCKY Agreement, when becomes JV reality, KATX will be entitled to 20% of all future net profits. See post #150551. If VALE deals with KATX, why shouldn't we ? Things are looking good so far. Accumulate before news.