Just a change in cut off grade makes an increase in the high...

Just a change in cut off grade makes an increase in the high level tonnage number.

To quote others "magnetite is not going anywhere"

Very difficult to see that the final CAPEX will not go through the roof like all other projects so why would the Chinese bother when they have many other projects everywhere around the world and the price for Iron Ore predicted to decline.

It will take another 10 years or more before prices escalate back to their 2012 levels.

If Royal proceeds and complete a BFS by 2017 (say $20-30M) it will then have to pay Mintech another $20m. Where is this all this money going to come from when the value of Royal is already less than this amount.