I am just an investor in AUS stocks but you should have some...

I am just an investor in AUS stocks but you should have some basic mining knowledge when you invest in mining stock.
You actually want lower Fe in your ores as Fe aren't that expensive when you extract them, hence the market price for 20-25%Fe compared to 45%Fe are higher.
Thanks for the reminder, I still remember the Scandium report a few years ago, somehow the grade got increase from 1% to NiEq of 3% when PPP pumped the stock at the same time, interestingly AVQ isn't using that approach this time and now it's Ni and high Fe (which you don't want).
And it's the company with the producing plant that benefit when they extract the ore, that's why it's called by-product and not the company that has DSO, that why they spend 100s of millions producing the infrastructure.