44mt treally equals 88mt, page-3

I'll admit,

I am a little confused here...when the announcement came out I thought to myself...how-hum, 36.4% is not high compared to most economic Fe resources I am aware of.

One assumes the quality of the ore is of importance here...not the grade...or is it a case of this particular type and quality of magnetite ore rarely gets above the sorts of grades they are discussing?

Also, is their a premium on such ore, or is the value simly due to easier recoveries and simpler concentrating/refining characteristics?

I am surprised to read they view 36.4% Fe is high grade, unless of course there is something I do not understand here?

Can someone tell me how TRF's resource compares to say SRK's 50%+ directing shipping grade, or say BHP's orebody 18?

I do not profess to know a great deal about the pro's and con's of various Fe ore types, other than the basics, so am very interested in being enlightened.

Cheers!