$1.00 price target, page-80

Hays not sure where you are getting the 32-35%
Hematite ore cut off from must be mixing this company up with magnetite cause that is the only ore that low in this country.
At a 5% cutoff they will move a 132mt of surface dirt in the alluvials sweet spot and recover 24mt. Without rehashing old announcements as I'm already well and truly set for when this company goes off the ore % was around 56 to 57% with a simple dry screening process they can get to 58%+ which they are prefencing as adding a wet plant is difficult with the scarcity of brackish water east of Kal

Obviously 5% is the bare minimum they have spots where they will recover 18% hematite rich alluvials per bucket of dit scooped.

Also they don't want FOB is my understanding and they are looking at $50 - 55 CNF to China which means there is zero chance the Chinese can alter the price paid for each shipment or reject shipment.
Loving the price today, something up?
DYOR but they have done a closed loop study on this and it has been mentioned in a company presentation. They have the moat compelling business case of the hopefuls on the yilgarn hopefully they will get the finance they need and make a lot of money for shareholders.

Cheers