I can answer part of that. A panamax is a drop in

I can answer part of that. A panamax is a drop in the bucket for Bao. They churn out tens of millions of tons of steel per year, and there are always large cushioned amounts held at all ports to provide the buffer they need in the chain. Im fairly confident that as long as the product is the right Grade they will buy it as fast as we can produce it. The more small entities they increase their supply from, the less power the other big miners will have imposing their will. Im surr Bao would be tickled pink to get 5 million tons from us a year. Logistically its probably cheaper than many suppliers as well....we know were closer than Vale...and we have insanely perfect weather for this business so less surprises in that regard, meaning manipulators cant use events like weather to jack up the price irrationally.