Different ore than dig out the ground and ship off. As I understand you have to process it to pellets as it is a low grade iron. BHP once built a bricket plant out of Hedland 20 or so years ago that was not successful. China as I believe are masters of this process. With China's current outlook of high grade ore to reduce pollution I can not think they will ship and process, and even lend their technology to process. Do not expect instant miracles.
IRD Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
