Magnetite V's Haematite, page-9

If you want people to listen to what you have to say, then just say it and say it clearly. Waffling about "don't expect me to figure it out for you" is just a way of saying that your cupboard is bare.

IRD has a large deposit of magnetite from which they will produce a high grade, low impurity iron concentrate for export to Asia. They will be paid a premium for the high grade and low impurity, partly because those qualities have always commanded a premium, but especially because the Chinese government is now extremely keen to use a better feed than the low-grade stuff that they have been buying from the likes of BHP, RIO and FMG. There's still a way to go, but with a state government that has lost a lot of industry recently, a federal government under budget and poll pressure, and China looking to clean up its act, it looks like the ducks have all lined up.