mmx vs fmg, page-7

I agree with you also Paul. My feeling is that the tonnage at Jack hills will be proven to easily exceed 380 million. Also don't forget Weld Range, where they are scheduled to drill later on this year. Here, they are confident of having an estimated 400 million tonne deposit of high-grade iron-ore. In total, I think MMX might be sitting on 1 billion tonnes-plus of high-quality ore. You are also right Paul in saying that MMX's ore is of much better quality i.e Higher FE content and lower amounts of impurities. From what I've read, FMG may have something like 2.2 billion tonnes ore, but of significantly lower quality. What is murky,however, is whether this figure was derived from JORC-compliant calculations. Please correct me if I'm wrong on this.

Amerigo