Your note at the bottom of your last post is misleading, the magnetite at Wilcherry Hill 600mt is high quality, coarse and crystalline and doesn't need a lot of processing or capital to upgrade, after they have used up the DSO. It is the long term large Hercules deposit that is more like conventional magnetites and will require a lot more capital. This will happen in 4 years or so and they will have a lot of money by then to make this stage of the project happen. Also, they think there is a high chance of DSO hematite and magnetite to come out of Hercules.
TRF Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
