Time to breakout, page-1374

something we should all consider - the value of our (potential) premium iron ore product. Reasoning: Ridley (ago) has an in-situ grade of 36.5%fe, and planned on producing a concentrate of 68.3%fe and 4.3%si - a high grade iron ore product, priced way higher than the 62% standard demanded by Chinese steel mills. Now, they wanted to produce over a dozen MT, I say if TMT can produce even 0.5MT of over 62%fe fines, our vanadium cost price to produce should drop well below $4. Currently, our in-situ grade is 48.5%fe and 6.3%si, which I believe would be enhanced to near 58%fe(1.3:1 Vanadium ratio conc:in-situ) at the point of Wet magnetic seperation. Further beneficiation should provide us with a premium Iron ore product, that would be profitable in current market conditions.