Take a good look at the BCK Marrilana resource pages 12 and 13....

Take a good look at the BCK Marrilana resource pages 12 and 13. This is what MRL proposes with the BCK JV to benificate to 60%+ fe. Take a good look at the impurities also. If BCK/MRL can cost effectively benificate their resource then we should be able to do the same. The main issue as I see it is that FMS should make sure FMS get full advantage of any benefication and that work shouldn’t be undertaken off site by BBIG where BBIG get the value add and not FMS. If FMS has contracted this benification work to BBIG they may have some serious questions to answer re giving work to a company that is controlled by the FMS major shareholder particularly when that company has no known track record of successfully mining, shipping or beneficatiing IO. MRL does and shareholders would have every right to expect that they would have been asked to bid for such work. “If” FMS has contracted work to any company then that should be subject to an announcement with full disclosure as this is of material importance to FMS.

Here is the link to the MRL/BCK JV. See pages 12 and 13. Also note the Capex for the project including light rail.

http://doc.irasia.com/listco/hk/brockmanmining/announcement/a180726.pdf