Alloy Steel Inc. (fka AYSI)

[greasemonkeyshoes]

How to weather through the current "price slump" by LIM.TO:

-- Focus on cost reduction and cash management measures;

-- All capital expenditure programs relating to the Silver Yards processing

plant and development of the Houston deposits have been deferred;

-- The 2012 exploration program has been reduced to $5 million from the original budget of $8.6 million.

This small iron ore miner's MC is down 92% from its all-time-high,when the iron ore price was north of $150,and now is it a "next-boom-in-10 years" pure iron ore play without "self-inflicted-black swan events," and hiding behind Form 15-12g?? 75% chance likely.

ps-I smell blood everywhere behind bursting of the "iron ore bubble of 2012".