"true dat"...to everything you say :-), MP and Donice.

But we also know that I may have invented the world's best mouse trap in the western world, and it may be the snappiest, sharpest, effectiveiest, most efficientiest, bestest looking mousetrap in the mousiverse, but neither Traget, nor WalMart, nor Costco.....not even Dollarama, will agree to stock and sell it unless I can irrefutably demonstrate to their "product buyers" (i.e. Vale and Rio and Fortescue and Arcelor Mittal etc) that I have the manufacturing ability to supply. I may have the patent, but so what? All that means is that I have the patent. The demand for my product is contingent upon my ability, as a manufacturer, to supply into that demand.

And that goes for all of, the entire, "sustainable", "green", impetus thats driving this. If innvovation and invention cannot feed it, it'll just be pushed back. 2025 will become 2030. We have to be realistic - us earthlings. We can only do what we can do - the rest is utopia. [I didn't say dystopia :-)]

Pls dont misunderstand me. I really truly, honestly, believe in PYR's management to deliver the goods (and iron and steel is the main goods), but an increasing backlog will be a probable deterrent. At what point? - I dont know. As you said, there are too many variables. And as you pointed out - the total backlog has many components, so what fraction of that is iron ore pelletisation, I dont know. 

On another note, if PPP or PYR has bought into HPQ's PP - then there can be no greater endorsement of what HPQ is poised to deliver.

It's the monday evening of a Stat holiday, here in Canada in Vancouver, and I've had a few more bevvies than is good for me. But here's a toast to both PYR and HPQ...........

Cheers.

Brgds to all - A-G.