Lots of bickering going on in regards to torches in the iron ore pelletization. So many delays without much news making it easy to pick the company apart in every PYR division. Then when you add in the lack of revenue makes the perfect recipe for the drop in stock price. Soon we will see the 3rd quarter report. Tough market hard to watch, but still holding, discouraged yes but not selling.

Hard for Peter to answer any questions in regards to what Vale's plans are, especially if they are not the customer. If they are it would be best to ask Vale because Peter has no control over what Vale does or doesn't do.