twenty million tonnes of high grade iron ore, page-27

We often value an ore bodies worth by the prospectivity of high grade ore.

If I was to pick the most encouraging statement from today's announcement it would have to be:

"The high grade intersections all have corresponding very low levels of Si02, Al2O3 and P, confirming the mineralisation to be high grade direct shipping Marra Mamba ore."

Now the big question for my mind, which will be answered in time, is how much of that altered BIF will be blended with the high grade stuff?