Well they are so valuable (Large H grade deposits) that BHP, RIO...

Well they are so valuable (Large H grade deposits) that BHP, RIO and Vale have all but snapped them up.

In fact you don't even need 62% to draw the attention to be taken over see ...

CFE, SPH, BRM, BCI, FMS, GIR, AKI, SDL, FMG etc

At least 5 of the above have been taken over for there Fe resource ...

In Brazil they mainly mine Itabrite around 40-45% Fe and have to beneficiate do DSo is not required.

I have been in and out of many Fe plays for near on 10 years now...(latest being FMS and AKI) have been on almost every one that came along during that time on the ASX.

It's true that being near rail is an advantage ...however if the deposit is big enough and high grade enough they will build a rail to it...


And I say again... define a Jorc as big as you can and sell it off to a major. Thats what happens in the majorty of cases....

I guess we will again agree to differ.. Buy WGO or dont Buy WGO its up to you Good luck your decision. If you don't like WGO then find another ... is my advice..