You're right flyingdoc, i reckon 29% Fe is not that favourable but this last year i was just hoping the other +factors ( rail/port deal, SL a bit safer than other WA countries, and now TS's 'robust' economics :) might of got a deal done or maybe it was all about the asking price.
Who knows....at least he didn't accept another chinese "pay you half now and the rest when all the paperwork's done".
Anyway, i had a look again at West African minerals as they've mentioned Cape Lambert before and found their August overview interesting especially the maps/tables and other iron ore info. WAFM Intends to Focus on DSO and High Grade Ore! Their Est.Valuation of Kukuna and Marampa is on p.37....if only !!
http://westafricanminerals.com/sites/default/files/WAFMaugustpres.pdf
marampa - 15mtpa scoping study ..., page-5
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