Ann: BCI: BC Iron to acquire Iron Ore Holdings, page-5

P in steel can make it very brittle. Smelters don't want it.

Someone once told me that IOH would always struggle because of their high P content. Have a look at the P levels for BCI's reserve (which they can sell) then have a look at IOH's reserve.

BCI 0.014
IOH 0.15

Aim very interested in how IOH will add value to BCI with a resource that obviously needs some beneficiation.