Ann: 1.2 Billion Tonne Mineral Resource , page-10

O,
Magnetite without impurities sells at a premium to hematite because it is used to blend with impure DSO.

There is some political risk here as the Resources Tax starts at mine gate -- a slurry pipe to the export pipe is not a deductable cost so the grades had better be good.
I guess we little capitalists should vote Abbott even though it is a depleting resource.

But the thing that I really like about IRD is that they have elected to go to 90% in the DOM tenement without issuing shares [keep it tight I say] -- they paid $1000000 as per agreement.

If they are as on the ball as with the Adelaide Resources spin off we could have quite a company here.