This is the future. Low emission magnetite concentrate. Now for all of us to sit and wait for Lion and Benj to comment on how the mine wont get up because Hematite is cheaper. Do you guys really think that the Chinese will just shut down / slow down production of Hematite ore if they have the option to process Magnetite concentrate (which is much higher quality than DSO 60% compared with Magnetite concentrate 68%). Surely you are smart enough to realise that a Chinese mill will reduce its margin in preference to shutting down.
IRD Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
