detritals, page-24

find8

BHP and RIO are more than happy with the price of IO, that is a no brainer. They blend their detrital with their higher quality ore at ratios that uses up the lower quality ore and marginally lowers the eventual grade and quality of the end product. So they receive good dollars for it, they also have the scale to do it.

Brm do not know if they need one, two or ten stages of beneficiation yet, just because they put a flow diagram in an announcement means little. The detritals are yet to be proven to be commercial.

Yes I agree that the market is only pricing brm on the 56mt. As I have said many times if they can prove up the detritals then you will see some market action, until then it is all a bit ZZZZZZZZZZ.

$2.20 is the next level to watch.