A new report says it's feasible to build an enhanced iron pellet operation in Northeastern Minnesota - but that LTV Steel's shuttered Hoyt Lakes taconite plant may not be the best place to do it. A consultant for a state development agency has formed a new company to produce iron pellets at an existing taconite plant in Silver Bay -- a project he says would eventually provide one hundred jobs. But the future of the LTV mining plant remains in doubt. Minnesota Public Radio's Bob Kelleher, reports: {A new study says, yes, it's possible to produce high iron-content pellets in the closed LTV Steel taconite plant in Hoyt Lakes, but, no, it's not likely to happen any time soon. Instead, a steel industry consultant expects to produce Minnesota's first enhanced iron pellets in Northshore Mining company's taconite plant in Silver Bay.