magnetite gurus: what is 500mt of mag worth..., page-30

  1. 1,739 Posts.
    "so yeah sure you can export haemetite out of the ground, but it wont attract the premiums high quality magnetite will. "

    yeah... and heamatite won't attract the $700m+ Capex for a pellet plant either.

    there's a reason why BHP, Rio and Vale have zero magnetite deposits. If there was a chance that it was more commercial than hematite ... don't you think the 3 largest iron ore companies in the world would have worked it out by now?

    There are some great hematite companies out there, with low market caps for their potential.

    Joel


 
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