Have to consider incremental cost with regards to the cost to mine fines. Also, MGX aren't mining 62% fines so are copping penalties and not seeing $65/t
It is a short term concern (the low realised price) but at the same time, this price differential between low grade and high grade iron ore is exactly why KI is such an exciting prospect. Ore at KI is premium stuff and will command a healthy price.
Ann: Quarterly Activities Report, page-19
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