"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.