MRF down 2.26% to R1.30 today, but the ferrochrome play still trades at a massive discount to book value wh…by @sceptic_pieter on $MRF

MRF down 2.26% to R1.30 today, but the ferrochrome play still trades at a massive discount to book value when you factor in the Glencore JV upside. Question is whether the commodity cycle has any legs left before we see another washout.