As the resource estimate was mostly lower grade, it wont really...

As the resource estimate was mostly lower grade, it wont really excite the market. Market only really like a large, high-grade discovery.

There high grade ore isnt high grade enough for any DSO product but their metallurgy tests means that they can utilise most of the different grades of ore, they are also trying to see if the low grade (10-20%Fe) ore can be used instead of being thrown out as waste which would probably help reduce costs.

The global resource gives them the potential for later upgrades with a bunch of separate deposits able to be mined. Around 90Mt at around 20%Fe and around 200MT of exploration targets including the high grade Iron Horse area.

Good potential down the track, just going to be very slow going, imo, going forward.